DSW Given New $36.00 Price Target at MKM Partners (DSW)
Stock analysts at MKM Partners lifted their target price on shares of DSW (NYSE:DSW) from $32.00 to $36.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective would suggest a potential upside of 26.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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 given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.40.
Shares of DSW (NYSE:DSW) traded up 7.26% on Tuesday, hitting $30.43. 6,884,795 shares of the company’s stock traded hands. 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 $27.42 and a 200-day moving average of $32.13. The company has a market cap of $2.994 billion and a P/E ratio of 16.79. DSW also was the target of some unusual options trading activity on Monday. Investors acquired 4,344 call options on the company. This represents an increase of 550% compared to the average daily volume of 668 call options.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $563.66 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that DSW will post $1.53 earnings per share 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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