DSW Short Interest Up 47.4% in June (DSW)
Shares of DSW (NYSE:DSW) were the target of a significant growth in short interest in 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, Stock Ratings News reports. Based on an average trading volume of 2,767,664 shares, the short-interest ratio is currently 0.9 days. Approximately 3.0% of the company’s stock are short sold.
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, June 30th. 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.79.
Shares of DSW (NYSE:DSW) opened at 28.00 on Thursday. 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 $27.84 and a 200-day moving average of $35.0. The company has a market cap of $2.755 billion and a P/E ratio of 16.50.
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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