Several other analysts have also recently issued reports on DSW. Zacks Investment Research upgraded DSW from a hold rating to a strong-buy rating and set a $29.00 price objective on the stock in a research note on Tuesday, November 22nd. B. Riley restated a neutral rating and issued a $26.00 price target on shares of DSW in a research note on Wednesday, November 23rd. Jefferies Group LLC set a $28.00 price target on DSW and gave the company a buy rating in a research note on Thursday, November 24th. Wedbush restated a neutral rating and issued a $22.00 price target on shares of DSW in a research note on Friday, December 2nd. Finally, Standpoint Research cut DSW from a buy rating to a hold rating in a research note on Wednesday, December 7th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $23.78.
DSW (NYSE:DSW) opened at 19.58 on Wednesday. The firm has a market cap of $1.58 billion, a PE ratio of 12.92 and a beta of 0.66. DSW has a one year low of $18.51 and a one year high of $28.05. The stock has a 50 day moving average price of $20.98 and a 200 day moving average price of $22.03.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, March 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $690.99 million. DSW had a return on equity of 12.46% and a net margin of 3.90%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Equities research analysts expect that DSW will post $1.49 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, March 15th. DSW’s payout ratio is 62.99%.
Several institutional investors have recently modified their holdings of DSW. NEXT Financial Group Inc purchased a new stake in DSW during the third quarter valued at $123,000. MSI Financial Services Inc boosted its stake in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock valued at $137,000 after buying an additional 190 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in DSW by 100.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,200 shares of the company’s stock valued at $147,000 after buying an additional 3,600 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new stake in DSW during the fourth quarter valued at $202,000. Finally, Ellington Management Group LLC purchased a new stake in DSW during the fourth quarter valued at $281,000. 86.81% of the stock is currently owned by institutional investors.
DSW Company Profile
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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