Canaccord Genuity Reiterates “Hold” Rating for DSW (DSW)
DSW (NYSE:DSW) traded down 1.35% during mid-day trading on Friday, hitting $27.86. The stock had a trading volume of 449,627 shares. DSW has a one year low of $23.45 and a one year high of $47.55. The stock’s 50-day moving average is $27.40 and its 200-day moving average is $32.33. The company has a market cap of $2.741 billion and a P/E ratio of 16.71.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee downgraded shares of DSW from a “neutral” rating to an “underperform” rating in a research note on Monday, July 28th. They now have a $23.00 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. DSW has a consensus rating of “Hold” and an average target price of $31.00.
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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