DSW Inc. (DSW) Receives $20.50 Consensus Target Price from Brokerages
DSW Inc. (NYSE:DSW) has received an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.67.
A number of research analysts have recently weighed in on DSW shares. Buckingham Research lifted their price objective on DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Zacks Investment Research cut DSW from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. B. Riley set a $22.00 target price on DSW and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna Bancshares raised DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price on the stock in a research note on Thursday, November 16th. Finally, Canaccord Genuity reissued a “hold” rating on shares of DSW in a research note on Monday, November 20th.
A number of institutional investors and hedge funds have recently modified their holdings of DSW. Brown Advisory Inc. bought a new stake in DSW in the 4th quarter worth approximately $23,213,000. Greenlight Capital Inc. increased its stake in DSW by 35.1% in the 3rd quarter. Greenlight Capital Inc. now owns 3,049,000 shares of the company’s stock worth $65,492,000 after acquiring an additional 792,894 shares during the last quarter. Mesirow Financial Investment Management Equity Management increased its stake in DSW by 397.4% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock worth $16,030,000 after acquiring an additional 598,171 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in DSW by 948.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,239 shares of the company’s stock worth $13,815,000 after acquiring an additional 583,672 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in DSW by 36.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,576,873 shares of the company’s stock worth $33,760,000 after acquiring an additional 421,408 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.11. DSW had a return on equity of 11.43% and a net margin of 3.13%. The firm had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $728.46 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. equities analysts predict that DSW will post 1.41 earnings per share for the current year.
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DSW Company Profile
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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