ValuEngine lowered shares of DSW (NYSE:DSW) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other research firms have also weighed in on DSW. B. Riley boosted their target price on DSW from $23.00 to $30.00 and gave the company a neutral rating in a research note on Wednesday, August 29th. Needham & Company LLC boosted their price target on DSW from $29.00 to $35.00 and gave the company a buy rating in a report on Wednesday, August 29th. Canaccord Genuity set a $27.00 price target on DSW and gave the company a hold rating in a report on Wednesday, August 29th. Deutsche Bank boosted their price target on DSW from $24.00 to $28.00 and gave the company a hold rating in a report on Wednesday, August 29th. Finally, Wells Fargo & Co boosted their price target on DSW from $22.00 to $31.00 and gave the company a market perform rating in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $28.92.

NYSE DSW opened at $31.16 on Wednesday. DSW has a 1-year low of $17.75 and a 1-year high of $34.02. The stock has a market capitalization of $2.58 billion, a PE ratio of 20.50, a P/E/G ratio of 2.05 and a beta of 0.87.

DSW (NYSE:DSW) last released its earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. DSW had a return on equity of 15.75% and a net margin of 0.06%. The company had revenue of $793.70 million during the quarter, compared to analyst estimates of $689.41 million. During the same quarter in the previous year, the company posted $0.38 EPS. DSW’s revenue for the quarter was up 16.4% on a year-over-year basis. analysts expect that DSW will post 1.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Monday, September 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. DSW’s dividend payout ratio is presently 65.79%.

A number of large investors have recently made changes to their positions in the stock. Foresters Investment Management Company Inc. grew its holdings in shares of DSW by 0.4% during the 1st quarter. Foresters Investment Management Company Inc. now owns 1,192,250 shares of the company’s stock worth $26,778,000 after acquiring an additional 5,100 shares during the period. Brown Advisory Inc. grew its holdings in shares of DSW by 1.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,591,579 shares of the company’s stock worth $41,094,000 after acquiring an additional 16,173 shares during the period. Guggenheim Capital LLC grew its holdings in shares of DSW by 3.2% during the 1st quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after acquiring an additional 3,767 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of DSW by 111.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 771,500 shares of the company’s stock worth $19,920,000 after acquiring an additional 407,100 shares during the period. Finally, Swiss National Bank grew its holdings in shares of DSW by 5.0% during the 1st quarter. Swiss National Bank now owns 113,800 shares of the company’s stock worth $2,556,000 after acquiring an additional 5,400 shares during the period. Institutional investors own 89.26% of the company’s stock.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Analyst Recommendations for DSW (NYSE:DSW)

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