DSW Inc. (NYSE:DSW) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other brokerages have also commented on DSW. Mizuho reissued a “neutral” rating and set a $21.00 price objective on shares of DSW in a report on Wednesday, March 15th. Susquehanna Bancshares Inc restated a “reduce” rating and issued a $17.00 target price on shares of DSW in a research note on Friday, March 17th. Citigroup Inc. cut their target price on DSW from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. Telsey Advisory Group cut their target price on DSW from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 24th. Finally, Cleveland Research downgraded DSW from a “neutral” rating to an “underperform” rating in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DSW currently has an average rating of “Hold” and a consensus target price of $21.73.

Analyst Recommendations for DSW (NYSE:DSW)

DSW (NYSE:DSW) traded up 3.32% on Friday, hitting $17.14. The company had a trading volume of 1,090,553 shares. DSW has a one year low of $15.98 and a one year high of $26.22. The stock’s 50-day moving average price is $18.11 and its 200 day moving average price is $20.46. The company has a market capitalization of $1.38 billion, a P/E ratio of 11.89 and a beta of 0.77.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $684.34 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, analysts expect that DSW will post $1.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.67%. DSW’s dividend payout ratio is currently 55.94%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/23/bidaskclub-downgrades-dsw-inc-dsw-to-sell.html.

Several large investors have recently bought and sold shares of DSW. Skandinaviska Enskilda Banken AB publ increased its stake in DSW by 434.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock valued at $35,030,000 after buying an additional 1,376,800 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in DSW by 3.0% in the first quarter. Public Employees Retirement System of Ohio now owns 38,436 shares of the company’s stock valued at $795,000 after buying an additional 1,102 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in DSW during the first quarter valued at about $100,000. HighTower Advisors LLC increased its stake in DSW by 33.6% in the first quarter. HighTower Advisors LLC now owns 41,684 shares of the company’s stock valued at $863,000 after buying an additional 10,476 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in DSW by 25.4% in the first quarter. Gotham Asset Management LLC now owns 166,743 shares of the company’s stock valued at $3,448,000 after buying an additional 33,802 shares in the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

DSW Company Profile

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.

Receive News & Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related companies with MarketBeat.com's FREE daily email newsletter.