Sterne Agee Reaffirms “Underperform” Rating for DSW (DSW)
Shares of DSW (NYSE:DSW) traded up 9.24% during mid-day trading on Tuesday, hitting $30.99. The stock had a trading volume of 8,494,336 shares. DSW has a 52 week low of $23.45 and a 52 week high of $47.55. The stock’s 50-day moving average is $27.42 and its 200-day moving average is $32.13. The company has a market cap of $3.049 billion and a P/E ratio of 16.79. DSW also was the recipient of some unusual options trading on Monday. Traders bought 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 announced its earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $587.00 million for the quarter. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that DSW will post $1.53 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of DSW from $32.00 to $36.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of DSW in a research note on Friday. 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.33.
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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