DSW Inc. (NYSE:DSW) has earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.13.

A number of analysts have weighed in on DSW shares. CL King upgraded DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. B. Riley reissued a “neutral” rating and set a $18.50 price target on shares of DSW in a research report on Wednesday, May 24th. Telsey Advisory Group dropped their price target on DSW from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 24th. Susquehanna Bancshares Inc raised DSW from a “negative” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $16.00 in a research report on Wednesday, May 24th. Finally, Canaccord Genuity dropped their price target on DSW from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, May 24th.

In related news, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.03, for a total transaction of $53,399.98. Following the sale, the executive vice president now owns 44,254 shares of the company’s stock, valued at $886,407.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Jordan sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.01, for a total value of $87,446.00. Following the sale, the executive vice president now directly owns 46,188 shares in the company, valued at approximately $878,033.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,476 shares of company stock worth $2,356,471. 20.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in DSW. BlackRock Inc. raised its stake in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in DSW by 41.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock valued at $105,753,000 after buying an additional 1,748,831 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised 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 during the last quarter. Frontier Capital Management Co. LLC raised its stake in DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock valued at $49,809,000 after buying an additional 1,264,730 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock valued at $119,615,000 after buying an additional 788,073 shares during the last quarter. Institutional investors own 85.55% of the company’s stock.

DSW (DSW) traded up 1.70% during mid-day trading on Friday, reaching $20.35. 3,913,582 shares of the company traded hands. The firm has a market capitalization of $1.64 billion, a P/E ratio of 13.64 and a beta of 0.80. DSW has a 12-month low of $15.14 and a 12-month high of $25.96. The company’s 50 day moving average price is $18.29 and its 200 day moving average price is $18.66.

DSW (NYSE:DSW) last released its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The business had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that DSW will post $1.50 EPS for the current year.

DSW announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 33.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, September 18th. DSW’s payout ratio is currently 54.05%.

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About DSW

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.

Analyst Recommendations for DSW (NYSE:DSW)

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