DSW PT Raised to $98.00 (DSW)
Analysts at Susquehanna increased their target price on shares of DSW (NYSE:DSW) from $95.00 to $98.00 in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 14.63% from the company’s current price.
In other DSW news, major shareholder Jay L. Schottenstein unloaded 66,791 shares of the stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $85.17, for a total transaction of $5,688,589.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of DSW from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $88.80 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of DSW in a research note to investors on Wednesday, September 25th. They set a “neutral” rating and a $87.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of DSW from $75.00 to $82.00 in a research note to investors on Wednesday, August 28th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $81.57.
Shares of DSW (NYSE:DSW) traded up 0.81% during mid-day trading on Monday, hitting $85.49. 378,817 shares of the company’s stock traded hands. DSW has a 52 week low of $57.27 and a 52 week high of $88.73. The stock’s 50-day moving average is $84.0 and its 200-day moving average is $74.56. The company has a market cap of $3.876 billion and a price-to-earnings ratio of 26.68.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, August 27th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.80 by $0.17. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $559.69 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that DSW will post $3.81 earnings per share for the current fiscal year.
DSW Inc (NYSE:DSW) is a United States branded footwear and accessories specialty retailer operating 326 shoe stores in 40 states as of January 28, 2012, and dsw.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.