DSW Upgraded by Goldman Sachs to Buy (DSW)
DSW (NYSE:DSW) was upgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $25.30 price target on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of DSW in a research note on Thursday, May 29th. They now have a $29.00 price target on the stock, down previously from $44.00. Finally, analysts at MKM Partners cut their price target on shares of DSW from $45.00 to $32.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.30.
DSW (NYSE:DSW) traded up 0.22% during mid-day trading on Monday, hitting $27.38. The stock had a trading volume of 1,622,497 shares. DSW has a one year low of $23.45 and a one year high of $47.55. The stock has a 50-day moving average of $30.65 and a 200-day moving average of $36.8. The company has a market cap of $2.694 billion and a price-to-earnings ratio of 16.17.
DSW (NYSE:DSW) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that DSW will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, June 18th.
In other DSW news, CMO Kelly Cook unloaded 4,860 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $27.60, for a total value of $134,136.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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