DSW Stock Rating Upgraded by Zacks (DSW)
DSW (NYSE:DSW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday. The firm currently has a $25.30 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 2.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research reiterated a “buy” rating on shares of DSW in a research note on Thursday. They now have a $29.00 price target on the stock, down previously from $44.00. Separately, analysts at MKM Partners cut their price target on shares of DSW from $45.00 to $32.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at B. Riley cut their price target on shares of DSW from $47.00 to $33.00 in a research note on Thursday. They now have a “buy” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.03.
DSW (NYSE:DSW) traded up 2.43% on Friday, hitting $25.33. 3,859,448 shares of the company’s stock traded hands. DSW has a 52 week low of $23.45 and a 52 week high of $47.55. The stock’s 50-day moving average is $33.24 and its 200-day moving average is $38.56. The company has a market cap of $2.333 billion and a price-to-earnings ratio of 14.63.
DSW (NYSE:DSW) last released its earnings data on Wednesday, May 28th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.06. The company had revenue of $599.00 million for the quarter, compared to the consensus estimate of $622.40 million. During the same quarter last year, the company posted $1.00 earnings per share. DSW’s revenue was down .4% compared to the same quarter last year. Analysts expect that DSW will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, June 18th.
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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