DSW Inc. (DSW) Lifted to Buy at Standpoint Research
DSW Inc. (NYSE:DSW) was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other analysts also recently issued reports on DSW. Jefferies Group LLC set a $20.00 price target on DSW and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. B. Riley reiterated a “buy” rating and set a $22.00 price target on shares of DSW in a research note on Monday, August 28th. Zacks Investment Research upgraded DSW from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Thursday, September 28th. Citigroup Inc. upped their price target on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Buckingham Research set a $18.00 price target on DSW and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.96.
Shares of DSW (NYSE:DSW) traded up 5.07% during mid-day trading on Friday, reaching $20.72. 695,038 shares of the company’s stock were exchanged. DSW has a 52 week low of $15.14 and a 52 week high of $25.96. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 13.89 and a beta of 0.83. The stock has a 50 day moving average price of $20.02 and a 200 day moving average price of $18.69.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s 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. Equities research analysts predict that DSW will post $1.50 EPS for the current year.
DSW announced that its Board of Directors has approved a share buyback program on Tuesday, August 22nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In other DSW news, EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the completion of the sale, the executive vice president now owns 51,588 shares in the company, valued at approximately $1,099,856.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the sale, the executive vice president now owns 44,254 shares of the company’s stock, valued at approximately $886,407.62. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock valued at $2,559,458 in the last quarter. Corporate insiders own 20.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. bought a new stake in shares of DSW in the 1st quarter worth approximately $120,000. State of Tennessee Treasury Department bought a new stake in shares of DSW in the 1st quarter worth approximately $143,000. PNC Financial Services Group Inc. lifted its position in shares of DSW by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after acquiring an additional 283 shares during the period. SG Americas Securities LLC bought a new stake in shares of DSW in the 2nd quarter worth approximately $196,000. Finally, Capstone Asset Management Co. bought a new stake in shares of DSW in the 2nd quarter worth approximately $210,000. Institutional investors own 85.55% 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.