Shares of DSW Inc. (NYSE:DSW) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.90.
A number of analysts have recently commented on DSW shares. Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a report on Friday, November 3rd. Jefferies Group restated a “hold” rating and issued a $20.00 price target on shares of DSW in a report on Thursday, September 28th. UBS Group upgraded DSW from a “neutral” rating to a “positive” rating in a report on Thursday, November 16th. B. Riley restated a “hold” rating and issued a $20.00 price target on shares of DSW in a report on Wednesday, November 22nd. Finally, Wedbush lowered DSW from an “outperform” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.00 in a report on Wednesday, November 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in DSW during the second quarter worth about $258,000. MIG Capital LLC raised its holdings in DSW by 12.6% during the second quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock worth $34,692,000 after acquiring an additional 218,792 shares in the last quarter. FMR LLC raised its holdings in DSW by 9.3% during the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after acquiring an additional 533,713 shares in the last quarter. Vanguard Group Inc. raised its holdings in DSW by 5.1% during the second quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after acquiring an additional 297,463 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in DSW during the third quarter worth about $7,176,000. Institutional investors and hedge funds own 89.13% of the company’s stock.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.08). The business had revenue of $708.30 million for the quarter, compared to the consensus estimate of $710.24 million. DSW had a return on equity of 11.43% and a net margin of 3.13%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. equities analysts forecast that DSW will post 1.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.68%. DSW’s payout ratio is presently 75.47%.
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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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