DSW Inc. (DSW) Given Consensus Recommendation of “Hold” by Analysts
DSW Inc. (NYSE:DSW) has received a consensus rating of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $21.50.
Several equities research analysts have recently weighed in on DSW shares. B. Riley reissued a “buy” rating and set a $22.00 price objective on shares of DSW in a research note on Monday, August 28th. Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 25th. Buckingham Research set a $18.00 price objective on DSW and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Standpoint Research lowered DSW from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Canaccord Genuity set a $17.00 price objective on DSW and gave the stock a “hold” rating in a research note on Sunday, August 20th.
Shares of DSW (NYSE DSW) traded down 3.81% during mid-day trading on Thursday, hitting $19.20. The stock had a trading volume of 1,563,096 shares. The firm has a market cap of $1.54 billion, a P/E ratio of 12.87 and a beta of 0.83. DSW has a 12-month low of $15.14 and a 12-month high of $25.96. The company has a 50 day moving average price of $20.02 and a 200 day moving average price of $18.73.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. The business had revenue of $680.40 million during the quarter, compared to analyst estimates of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Equities analysts forecast that DSW will post $1.50 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 4.01%. DSW’s dividend payout ratio (DPR) is presently 54.05%.
DSW announced that its board has initiated a share repurchase plan on Tuesday, August 22nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 33.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In related news, EVP William L. Jordan sold 10,000 shares of DSW stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the completion of the sale, the executive vice president now owns 51,588 shares of the company’s stock, valued at $1,099,856.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Deborah L. Ferree sold 75,452 shares of DSW stock in a transaction on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the sale, the chairman now directly owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,891 shares of company stock valued at $2,559,458. Insiders own 20.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSW. Swiss National Bank boosted its position in DSW by 2.0% during the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock valued at $2,413,000 after purchasing an additional 2,300 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in DSW by 16.6% during the first quarter. UBS Asset Management Americas Inc. now owns 48,923 shares of the company’s stock valued at $1,012,000 after purchasing an additional 6,975 shares during the last quarter. Karp Capital Management Corp acquired a new stake in DSW during the first quarter valued at $493,000. Texas Permanent School Fund acquired a new stake in DSW during the first quarter valued at $353,000. Finally, State of Tennessee Treasury Department acquired a new stake in DSW during the first quarter valued at $143,000. 85.55% of the stock is 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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