Buckingham Research Initiates Coverage on DSW (DSW)
Research analysts at Buckingham Research began coverage on shares of DSW (NYSE:DSW) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $44.00 price target on the stock. Buckingham Research’s price objective suggests a potential upside of 32.13% from the stock’s previous close.
Shares of DSW (NYSE:DSW) traded up 0.33% during mid-day trading on Thursday, hitting $33.30. The stock had a trading volume of 1,196,861 shares. DSW has a 52 week low of $32.40 and a 52 week high of $47.55. The stock has a 50-day moving average of $34.82 and a 200-day moving average of $39.61. The company has a market cap of $3.281 billion and a price-to-earnings ratio of 20.12.
DSW (NYSE:DSW) last released its earnings data on Tuesday, March 18th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $590.23 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that DSW will post $1.91 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DSW. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of DSW in a research note on Wednesday, April 30th. They now have a $46.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $39.00 price target on the stock. Finally, analysts at Brean Capital upgraded shares of DSW from a “sell” rating to a “hold” rating in a research note on Wednesday, April 2nd. They now have a $33.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $51.95.
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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