BidaskClub Downgrades DSW Inc. (DSW) to Sell
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.
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%.
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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.
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