Zacks Upgrades DSW to “Neutral” (DSW)
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.
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