DSW Price Target Cut to $33.00 (DSW)
Equities research analysts at Brean Capital cut their price target on shares of DSW (NYSE:DSW) from $36.00 to $33.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “sell” rating on the stock. Brean Capital’s target price indicates a potential downside of 12.05% from the stock’s previous close.
DSW (NYSE:DSW) traded down 1.55% during mid-day trading on Friday, hitting $37.52. The stock had a trading volume of 1,048,404 shares. DSW has a one year low of $30.13 and a one year high of $47.55. The stock has a 50-day moving average of $39.73 and a 200-day moving average of $41.68. The company has a market cap of $3.694 billion and a P/E ratio of 23.35.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.58. The company had revenue of $633.00 million for the quarter, compared to the consensus estimate of $647.30 million. During the same quarter last year, the company posted $0.51 earnings per share. DSW’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that DSW will post $1.87 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of DSW to $38.00 in a research note to investors on Monday, January 13th. Separately, analysts at B. Riley raised their price target on shares of DSW from $47.50 to $49.50 in a research note to investors on Friday, November 29th. Finally, analysts at Zacks downgraded shares of DSW from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, November 28th. They now have a $52.80 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. DSW currently has a consensus rating of “Hold” and a consensus price target of $65.86.
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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