Stock Traders Buy High Volume of Put Options on DSW (DSW)
DSW (NYSE:DSW) was the target of some unusual options trading on Friday. Stock investors acquired 3,489 put options on the company, StockRatingsNetwork.com reports. This represents an increase of approximately 633% compared to the average volume of 476 put options.
A number of analysts have recently weighed in on DSW shares. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of DSW in a research note on Friday. Separately, 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. Finally, 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, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.
Shares of DSW (NYSE:DSW) traded up 0.57% on Friday, hitting $28.40. The stock had a trading volume of 1,614,981 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 $2.795 billion and a price-to-earnings ratio of 16.71.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.