DSW Coverage Initiated by Analysts at Wunderlich (DSW)
Wunderlich initiated coverage on shares of DSW (NYSE:DSW) in a research note issued on Thursday. The firm set a “hold” rating and a $29.00 price target on the stock. Wunderlich’s price target points to a potential downside of 5.17% from the company’s current price.
DSW (NYSE:DSW) opened at 30.58 on Thursday. 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 $27.97 and a 200-day moving average of $31.81. The company has a market cap of $2.787 billion and a P/E ratio of 18.16.
DSW (NYSE:DSW) last announced its 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 $1.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, September 17th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 28th. They now have a $32.20 price target on the stock. Separately, 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, August 27th. They now have a “not rated” rating on the stock. Finally, analysts at Sterne Agee reiterated an “underperform” rating on shares of DSW in a research note on Tuesday, August 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. DSW presently has an average rating of “Hold” and a consensus price target of $31.02.
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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