Several other analysts have also issued reports on the company. Telsey Advisory Group dropped their target price on DSW from $24.00 to $23.00 and set a market perform rating on the stock in a report on Wednesday, March 15th. B. Riley restated a neutral rating and issued a $22.00 price objective on shares of DSW in a research note on Wednesday, March 15th. Canaccord Genuity set a $19.00 price objective on DSW and gave the company a hold rating in a research note on Tuesday, March 14th. Jefferies Group LLC restated a hold rating and issued a $25.00 price objective on shares of DSW in a research note on Tuesday, March 14th. Finally, Zacks Investment Research lowered DSW from a buy rating to a hold rating in a research note on Monday, March 13th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. DSW presently has a consensus rating of Hold and an average price target of $23.78.
DSW (NYSE:DSW) opened at 19.58 on Wednesday. DSW has a 52-week low of $18.51 and a 52-week high of $28.05. The company has a market cap of $1.58 billion, a P/E ratio of 12.92 and a beta of 0.66. The company’s 50 day moving average price is $20.98 and its 200 day moving average price is $22.03.
DSW (NYSE:DSW) last released its earnings results on Tuesday, March 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. DSW had a return on equity of 12.46% and a net margin of 3.90%. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $690.99 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. DSW’s revenue was up .4% on a year-over-year basis. Equities research analysts anticipate that DSW will post $1.49 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.20 dividend. 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 bought and sold shares of DSW. Vident Investment Advisory LLC increased its position in DSW by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 45,807 shares of the company’s stock valued at $1,037,000 after buying an additional 187 shares during the last quarter. Norges Bank purchased a new position in DSW during the fourth quarter valued at approximately $21,992,000. Sowell Financial Services LLC purchased a new position in DSW during the fourth quarter valued at approximately $880,000. Castleark Management LLC purchased a new position in DSW during the fourth quarter valued at approximately $8,148,000. Finally, MIG Capital LLC purchased a new position in DSW during the fourth quarter valued at approximately $31,642,000. 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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