DSW Inc. (DSW) Trading Up 3.3%
DSW Inc. (NYSE:DSW) shares were up 3.3% during trading on Monday . The stock traded as high as $24.21 and last traded at $24.16, with a volume of 1,356,416 shares. The stock had previously closed at $23.39.
Several research analysts have commented on DSW shares. KeyCorp boosted their target price on DSW to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 29th. Vetr downgraded DSW from a “buy” rating to a “hold” rating and set a $28.10 target price for the company. in a research note on Tuesday, March 29th. Deutsche Bank AG lowered their target price on DSW from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Monday, April 18th. Wells Fargo & Co. reaffirmed an “underperform” rating on shares of DSW in a research note on Tuesday, April 19th. Finally, Susquehanna lowered their price objective on DSW from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.46.
The stock has a market cap of $2.01 billion and a P/E ratio of 17.91. The firm has a 50-day moving average price of $21.87 and a 200 day moving average price of $23.87.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.06. The company earned $681.30 million during the quarter, compared to the consensus estimate of $699.58 million. During the same quarter last year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that DSW Inc. will post $1.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were paid 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 yield of 3.27%.
In related news, CEO Roger Rawlins purchased 12,249 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were acquired 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 of the company’s stock, valued at $423,261.93. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
A number of institutional investors recently made changes to their positions in the company. TrimTabs Asset Management LLC bought a new position in shares of DSW during the fourth quarter worth approximately $2,032,000. Investment Management of Virginia LLC bought a new position in shares of DSW during the fourth quarter worth approximately $6,808,000. Century Capital Management LLC boosted its position in shares of 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 during the period. Pekin Singer Strauss Asset Management IL bought a new position in shares of DSW during the fourth quarter worth approximately $15,120,000. Finally, Royce & Associates LLC boosted its position in shares of 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 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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