DSW Inc. (DSW) Earns Neutral Rating from B. Riley
DSW Inc. (NYSE:DSW)‘s stock had its “neutral” rating reissued by stock analysts at B. Riley in a research note issued on Wednesday. They presently have a $18.50 target price on the stock. B. Riley’s target price indicates a potential upside of 14.13% from the company’s current price.
Several other research firms have also recently commented on DSW. MKM Partners restated a “neutral” rating and set a $23.00 price target on shares of DSW in a report on Wednesday, February 22nd. Cleveland Research cut shares of DSW from a “neutral” rating to an “underperform” rating in a research note on Monday, February 27th. Canaccord Genuity set a $19.00 target price on shares of DSW and gave the company a “buy” rating in a research note on Saturday, February 25th. Zacks Investment Research upgraded shares of DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Buckingham Research cut shares of DSW from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.20.
DSW (NYSE:DSW) traded up 3.02% during trading on Wednesday, reaching $16.70. 2,964,686 shares of the company’s stock were exchanged. DSW has a 52 week low of $15.98 and a 52 week high of $26.22. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.99 and a beta of 0.66. The company’s 50 day moving average price is $19.77 and its 200-day moving average price is $21.37.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. DSW had a return on equity of 12.46% and a net margin of 3.90%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities analysts expect that DSW will post $1.47 EPS for the current year.
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Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after buying an additional 8,327,020 shares during the last quarter. Wellington Management Group LLP raised its position in shares of DSW by 2.2% in the first quarter. Wellington Management Group LLP now owns 7,809,666 shares of the company’s stock worth $215,859,000 after buying an additional 165,103 shares during the period. Vanguard Group Inc. raised its position in shares of DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock worth $119,615,000 after buying an additional 788,073 shares during the period. FMR LLC raised its position in shares of DSW by 4.2% in the first quarter. FMR LLC now owns 5,758,260 shares of the company’s stock worth $119,081,000 after buying an additional 229,685 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of DSW by 36.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock worth $87,390,000 after buying an additional 1,135,336 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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