DSW Receives Average Rating of “Hold” from Analysts (NYSE:DSW)
DSW (NYSE:DSW) has earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, AR Network reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.79.
A number of research firms have recently commented on DSW. Analysts at Zacks downgraded shares of DSW from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $26.50 price target on the stock. Separately, 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.
DSW (NYSE:DSW) opened at 28.06 on Wednesday. DSW has a 52-week low of $23.45 and a 52-week high of $47.55. The stock has a 50-day moving average of $28.93 and a 200-day moving average of $35.53. The company has a market cap of $2.761 billion and a price-to-earnings ratio of 16.60. DSW also was the target of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 2,439,731 shares, an increase of 47.4% from the May 30th total of 1,654,958 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average trading volume of 2,767,664 shares, the days-to-cover ratio is presently 0.9 days.
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. Analysts expect that DSW will post $1.55 EPS for the current fiscal year.
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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