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DSW (NYSE:DSW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday. The firm currently has a $32.20 price objective on the stock. Zacks‘s price target points to a potential upside of 2.42% from the stock’s previous close.

DSW (NYSE:DSW) traded down 1.84% during mid-day trading on Thursday, hitting $30.86. The stock had a trading volume of 1,507,035 shares. DSW has a 1-year low of $23.45 and a 1-year high of $47.55. The stock has a 50-day moving average of $27.59 and a 200-day moving average of $32.08. The company has a market cap of $2.812 billion and a price-to-earnings ratio of 18.45. DSW also was the recipient of some unusual options trading on Monday. Investors acquired 4,344 call options on the stock. This is an increase of 550% compared to the average daily volume of 668 call options.

DSW (NYSE:DSW) last issued its quarterly earnings data 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 $1.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, September 17th.

DSW has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group raised their price target on shares of DSW from $30.00 to $34.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Separately, analysts at Sterne Agee reiterated an “underperform” rating on shares of DSW in a research note on Tuesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.20.

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.

To view Zacks’ full report, visit Zacks’ official website.

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