DSW Inc. (DSW) Stock Price Up 2.5%
DSW Inc. (NYSE:DSW) shares rose 2.5% on Friday . The stock traded as high as $25.52 and last traded at $25.50, with a volume of 1,115,300 shares. The stock had previously closed at $24.87.
DSW has been the subject of several research reports. Jefferies Group reiterated a “buy” rating and set a $26.00 price target (down previously from $33.00) on shares of DSW in a research note on Wednesday, May 25th. William Blair reiterated a “buy” rating on shares of DSW in a research note on Wednesday, June 8th. Buckingham Research reiterated a “buy” rating and set a $27.00 price target on shares of DSW in a research note on Friday, July 15th. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, August 2nd. Finally, Vetr downgraded DSW from a “buy” rating to a “hold” rating and set a $25.24 price target for the company. in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.34.
The company has a 50-day moving average price of $23.52 and a 200 day moving average price of $23.96. The company has a market cap of $2.08 billion and a price-to-earnings ratio of 18.57.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, May 24th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.06. The business earned $681.30 million during the quarter, compared to analyst estimates of $699.58 million. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities analysts predict that DSW Inc. will post $1.36 earnings per share for the current fiscal year.
In related news, CEO Roger Rawlins purchased 12,249 shares of DSW stock in a transaction on Thursday, May 26th. The stock was acquired at an average price of $20.49 per share, for a total transaction of $250,982.01. Following the completion of the transaction, the chief executive officer now directly owns 20,657 shares in the company, valued at approximately $423,261.93. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in DSW stock. State of Wisconsin Investment Board increased its position in DSW Inc. (NYSE:DSW) by 47.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,474 shares of the company’s stock after buying an additional 33,751 shares during the period. State of Wisconsin Investment Board owned approximately 0.12% of DSW worth $2,493,000 at the end of the most recent reporting 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.