Susquehanna Bancshares upgraded shares of DSW (NYSE:DSW) from a negative rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports.

A number of other brokerages also recently issued reports on DSW. ValuEngine raised shares of DSW from a hold rating to a buy rating in a research report on Thursday, September 27th. B. Riley boosted their price objective on shares of DSW from $23.00 to $30.00 and gave the company a neutral rating in a research report on Wednesday, August 29th. Telsey Advisory Group boosted their price objective on shares of DSW from $24.00 to $34.00 and gave the company a market perform rating in a research report on Wednesday, August 29th. Wells Fargo & Co boosted their price objective on shares of DSW from $22.00 to $31.00 and gave the company a market perform rating in a research report on Wednesday, August 29th. Finally, Deutsche Bank boosted their price objective on shares of DSW from $24.00 to $28.00 and gave the company a hold rating in a research report on Wednesday, August 29th. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $29.08.

Shares of DSW stock opened at $26.03 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.66 and a beta of 1.12. DSW has a 12-month low of $18.01 and a 12-month high of $34.63.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. The business had revenue of $793.70 million for the quarter, compared to the consensus estimate of $689.41 million. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. As a group, equities research analysts predict that DSW will post 1.73 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its position in shares of DSW by 37.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 211,761 shares of the company’s stock worth $7,174,000 after buying an additional 58,106 shares during the period. Teachers Advisors LLC grew its position in shares of DSW by 41.3% in the 3rd quarter. Teachers Advisors LLC now owns 189,253 shares of the company’s stock worth $6,412,000 after buying an additional 55,349 shares during the period. AQR Capital Management LLC grew its position in DSW by 119.8% during the 3rd quarter. AQR Capital Management LLC now owns 871,104 shares of the company’s stock valued at $29,513,000 after purchasing an additional 474,783 shares during the last quarter. Wakefield Asset Management LLLP purchased a new stake in DSW during the 3rd quarter valued at about $282,000. Finally, MetLife Investment Advisors LLC grew its position in DSW by 55.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 49,125 shares of the company’s stock valued at $1,664,000 after purchasing an additional 17,510 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

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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