DSW Rating Increased to Outperform at Zacks (DSW)
DSW (NYSE:DSW) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, AmericanBankingNews.com reports. The firm currently has a $88.80 price target on the stock. Zacks‘ price target would suggest a potential upside of 3.87% from the stock’s previous close.
In other DSW news, major shareholder Jay L. Schottenstein sold 66,791 shares of the company’s stock 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 is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of other analysts have also recently weighed in on DSW. 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. Separately, 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. Finally, analysts at MKM Partners raised their price target on shares of DSW from $85.00 to $97.00 in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.57.
DSW (NYSE:DSW) traded up 0.81% during mid-day trading on Monday, hitting $85.49. The stock had a trading volume of 378,817 shares. 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 issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.66 earnings per share. DSW’s revenue was up 9.7% compared to the same quarter last year. 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.
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