DSW Rating Lowered to Underperform at Zacks (DSW)
DSW (NYSE:DSW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $26.50 price objective on the stock. Zacks‘s price target suggests a potential downside of 4.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs upgraded shares of DSW from a “neutral” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $35.00 price target on the stock, up previously from $27.00. 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.79.
Shares of DSW (NYSE:DSW) traded up 0.22% during mid-day trading on Monday, hitting $27.95. The stock had a trading volume of 733,259 shares. DSW has a 1-year low of $23.45 and a 1-year high of $47.55. The stock has a 50-day moving average of $29.27 and a 200-day moving average of $35.85. The company has a market cap of $2.750 billion and a price-to-earnings ratio of 16.50. DSW also was the target of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 2,439,731 shares, a growth of 47.4% from the May 30th total of 1,654,958 shares. Based on an average trading volume of 2,767,664 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.0% of the shares of the stock are sold short.
DSW (NYSE:DSW) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that DSW will post $1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders 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 2.69%. The ex-dividend date of this dividend 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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