DSW Inc. (DSW) Sees Strong Trading Volume
DSW Inc. (NYSE:DSW) saw unusually-strong trading volume on Wednesday . Approximately 3,768,020 shares were traded during trading, an increase of 70% from the previous session’s volume of 2,212,577 shares.The stock last traded at $21.09 and had previously closed at $20.69.
A number of equities research analysts recently commented on DSW shares. B. Riley reissued a “neutral” rating and set a $24.00 target price on shares of DSW in a research report on Friday, March 11th. Vetr cut shares of DSW from a “buy” rating to a “hold” rating and set a $27.56 target price for the company. in a research report on Monday, March 14th. Canaccord Genuity increased their target price on shares of DSW from $19.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, March 14th. Telsey Advisory Group upped their price target on shares of DSW from $25.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, March 16th. Finally, Citigroup Inc. upped their price target on shares of DSW from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, March 16th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.99.
The stock’s 50-day moving average is $20.82 and its 200-day moving average is $23.93. The company has a market cap of $1.73 billion and a price-to-earnings ratio of 15.44.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.06. During the same period in the previous year, the company earned $0.53 EPS. The firm had revenue of $681.30 million for the quarter, compared to analyst estimates of $699.58 million. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts predict that DSW Inc. will post $1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were given a $0.20 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.80 annualized dividend and a yield of 3.79%.
In other DSW news, CEO Roger Rawlins purchased 12,249 shares of DSW stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average price of $20.49 per share, for a total transaction of $250,982.01. Following the transaction, the chief executive officer now directly owns 20,657 shares in the company, valued at $423,261.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds have added to or reduced their stakes in the stock. Usca Ria LLC increased its stake in DSW by 62.1% in the fourth quarter. Usca Ria LLC now owns 56,373 shares of the company’s stock valued at $1,345,000 after buying an additional 21,600 shares during the period. Afam Capital Inc. acquired a new stake in DSW during the fourth quarter valued at approximately $2,094,000. Royce & Associates LLC increased its stake in DSW by 5.5% in the fourth quarter. Royce & Associates LLC now owns 2,638,228 shares of the company’s stock valued at $62,948,000 after buying an additional 138,203 shares during the period. First Trust Advisors LP increased its stake in DSW by 69.0% in the fourth quarter. First Trust Advisors LP now owns 986,536 shares of the company’s stock valued at $23,539,000 after buying an additional 402,640 shares during the period. Finally, Olstein Capital Management L.P. increased its stake in DSW by 24.6% in the fourth quarter. Olstein Capital Management L.P. now owns 672,600 shares of the company’s stock valued at $16,048,000 after buying an additional 132,600 shares during the period.
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
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