DSW Inc. (DSW) Shares Up 2.1%
DSW Inc. (NYSE:DSW) shot up 2.1% on Thursday . The company traded as high as $21.70 and last traded at $21.53, with a volume of 683,977 shares changing hands. The stock had previously closed at $21.09.
A number of brokerages have recently weighed in on DSW. MKM Partners boosted their price target on DSW from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, March 16th. Buckingham Research boosted their price target on DSW from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Johnson Rice downgraded DSW from a “buy” rating to an “accumulate” rating in a report on Wednesday, March 16th. Citigroup Inc. upped their price objective on DSW from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 16th. Finally, Telsey Advisory Group upped their price objective on DSW from $25.00 to $29.00 and gave the stock a “market perform” 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. DSW presently has an average rating of “Hold” and an average price target of $25.99.
The company has a market capitalization of $1.77 billion and a price-to-earnings ratio of 15.84. The company’s 50 day moving average is $20.82 and its 200 day moving average is $23.93.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, May 24th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.06. The firm earned $681.30 million during the quarter, compared to analyst estimates of $699.58 million. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, analysts anticipate that DSW Inc. will post $1.36 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.70%.
In related news, CEO Roger Rawlins bought 12,249 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was acquired at an average cost of $20.49 per share, with a total value of $250,982.01. Following the acquisition, the chief executive officer now owns 20,657 shares in the company, valued at approximately $423,261.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of large investors have added to or reduced their stakes in the stock. Century Capital Management LLC boosted its stake in DSW by 10.5% in the fourth quarter. Century Capital Management LLC now owns 470,266 shares of the company’s stock worth $11,221,000 after buying an additional 44,496 shares in the last quarter. Pekin Singer Strauss Asset Management IL acquired a new stake in DSW during the fourth quarter worth $15,120,000. Royce & Associates LLC boosted 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 worth $62,948,000 after buying an additional 138,203 shares in the last quarter. Wells Fargo & Company MN boosted its stake in DSW by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,671,454 shares of the company’s stock worth $63,740,000 after buying an additional 632,307 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted 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 worth $16,048,000 after buying an additional 132,600 shares in the last quarter.
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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