DSW Inc. (DSW) Price Target Raised to $20.00 at Citigroup Inc.
DSW Inc. (NYSE:DSW) had its target price hoisted by research analysts at Citigroup Inc. from $18.00 to $20.00 in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 5.32% from the stock’s current price.
DSW has been the topic of several other research reports. Zacks Investment Research downgraded DSW from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Buckingham Research cut DSW from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a report on Monday, May 8th. Deutsche Bank AG upgraded DSW from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, July 25th. Canaccord Genuity set a $17.00 target price on DSW and gave the stock a “hold” rating in a report on Sunday. Finally, ValuEngine cut DSW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.83.
DSW (NYSE:DSW) traded up 3.04% on Wednesday, hitting $18.99. 4,758,510 shares of the company were exchanged. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 13.18 and a beta of 0.83. DSW has a 52 week low of $15.14 and a 52 week high of $26.22. The stock has a 50 day moving average of $17.36 and a 200 day moving average of $18.91.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million for the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. DSW’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Analysts predict that DSW will post $1.44 EPS for the current fiscal year.
DSW announced that its board has approved a stock repurchase program on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 33.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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In related news, Director Harvey L. Sonnenberg sold 8,439 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the sale, the director now directly owns 12,242 shares of the company’s stock, valued at $220,356. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the sale, the director now directly owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. 20.40% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of DSW. Afam Capital Inc. raised its stake in DSW by 2.9% in the second quarter. Afam Capital Inc. now owns 108,249 shares of the company’s stock valued at $1,916,000 after buying an additional 3,092 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DSW during the second quarter valued at approximately $299,000. Public Employees Retirement System of Ohio raised its stake in shares of DSW by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 39,938 shares of the company’s stock valued at $707,000 after buying an additional 1,502 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of DSW during the second quarter valued at approximately $258,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of DSW during the second quarter valued at approximately $904,000. 83.62% of the stock is currently owned by hedge funds and other institutional investors.
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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