DSW (NYSE:DSW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, September 12th.
Several other research firms have also recently commented on DSW. Deutsche Bank lifted their target price on shares of DSW from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Canaccord Genuity set a $22.00 target price on shares of DSW and gave the stock a “hold” rating in a research report on Tuesday, May 29th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, July 31st. B. Riley set a $23.00 target price on shares of DSW and gave the stock a “hold” rating in a research report on Friday, August 24th. Finally, MKM Partners lifted their target price on shares of DSW to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. DSW presently has a consensus rating of “Hold” and an average target price of $28.92.
Shares of DSW traded down $0.81 during trading hours on Wednesday, hitting $31.94. The stock had a trading volume of 1,914,788 shares, compared to its average volume of 1,798,283. The company has a market cap of $2.72 billion, a PE ratio of 21.01, a P/E/G ratio of 2.16 and a beta of 0.88. DSW has a 1-year low of $17.75 and a 1-year high of $34.63.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $793.70 million during the quarter, compared to the consensus estimate of $689.41 million. DSW had a return on equity of 15.75% and a net margin of 0.06%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Equities research analysts predict that DSW will post 1.74 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in DSW by 392.7% in the 2nd quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after buying an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of DSW by 1,340.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock valued at $112,000 after purchasing an additional 3,995 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of DSW during the 2nd quarter valued at $119,000. Itau Unibanco Holding S.A. purchased a new position in shares of DSW during the 2nd quarter valued at $125,000. Finally, SG Americas Securities LLC purchased a new position in shares of DSW during the 1st quarter valued at $125,000. Institutional investors and hedge funds own 89.14% 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.
Featured Article: Why is the conference call important?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.