DSW Inc. (DSW) Shares Up 2.1%
Shares of 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 traded. The stock had previously closed at $21.09.
A number of research firms recently weighed in on DSW. B. Riley reissued a “neutral” rating and issued a $28.00 price objective on shares of DSW in a research report on Wednesday, March 16th. Vetr raised shares of DSW from a “hold” rating to a “buy” rating and set a $28.10 price objective on the stock in a research report on Thursday, April 7th. Wells Fargo & Co. reissued an “underperform” rating on shares of DSW in a research report on Tuesday, April 19th. Jefferies Group reissued a “buy” rating and issued a $26.00 price objective (down from $33.00) on shares of DSW in a research report on Wednesday, May 25th. Finally, Telsey Advisory Group reissued a “hold” rating on shares of DSW in a research report on Thursday, May 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. DSW has an average rating of “Hold” and an average price target of $25.99.
The company has a 50 day moving average of $20.88 and a 200-day moving average of $23.91. The company has a market capitalization of $1.83 billion and a price-to-earnings ratio of 16.37.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, May 24th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.06. During the same quarter last year, the business earned $0.53 earnings per share. The firm had revenue of $681.30 million for the quarter, compared to analyst estimates of $699.58 million. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts predict that DSW Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.58%. The ex-dividend date was Tuesday, June 14th.
In other DSW news, CEO Roger Rawlins bought 12,249 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were purchased at an average cost of $20.49 per share, with a total value of $250,982.01. Following the purchase, the chief executive officer now directly owns 20,657 shares in the company, valued at $423,261.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have made changes to their positions in DSW. Pekin Singer Strauss Asset Management IL acquired a new stake in shares of DSW during the fourth quarter valued at $15,120,000. Wells Fargo & Company MN increased its stake in shares of DSW by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,671,454 shares of the company’s stock valued at $63,740,000 after buying an additional 632,307 shares during the last quarter. First Trust Advisors LP increased its stake in shares of 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 last quarter. Investment Management of Virginia LLC acquired a new stake in shares of DSW during the fourth quarter valued at $6,808,000. Finally, Russell Frank Co increased its stake in shares of DSW by 1,613.6% in the fourth quarter. Russell Frank Co now owns 218,813 shares of the company’s stock valued at $5,308,000 after buying an additional 206,044 shares during 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.