DSW Inc. (DSW) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of DSW Inc. (NYSE:DSW) have been given a consensus rating of “Hold” by the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.09.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, February 2nd. Standpoint Research upgraded DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Susquehanna Bancshares upgraded DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price on the stock in a report on Thursday, November 16th. Canaccord Genuity set a $22.00 target price on DSW and gave the company a “hold” rating in a report on Sunday, January 7th. Finally, Buckingham Research raised their target price on DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, November 20th.

Shares of DSW (DSW) traded up $0.43 during trading hours on Wednesday, reaching $19.93. The company’s stock had a trading volume of 153,691 shares, compared to its average volume of 1,527,473. The company has a market capitalization of $1,552.74, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.92 and a beta of 0.76. DSW has a 1-year low of $15.14 and a 1-year high of $22.72.

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 Zacks’ consensus estimate of $0.53 by ($0.08). DSW had a net margin of 3.13% and a return on equity of 11.43%. The company had revenue of $708.30 million during the quarter, compared to the consensus estimate of $710.24 million. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts predict that DSW will post 1.41 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of DSW. Wells Fargo & Company MN lifted its holdings in DSW by 33.4% during the second quarter. Wells Fargo & Company MN now owns 210,255 shares of the company’s stock worth $3,722,000 after acquiring an additional 52,653 shares during the period. Nationwide Fund Advisors lifted its holdings in DSW by 44.3% during the second quarter. Nationwide Fund Advisors now owns 69,462 shares of the company’s stock worth $1,229,000 after acquiring an additional 21,316 shares during the period. New York State Common Retirement Fund lifted its holdings in DSW by 39.2% during the second quarter. New York State Common Retirement Fund now owns 100,612 shares of the company’s stock worth $1,781,000 after acquiring an additional 28,311 shares during the period. Northern Trust Corp lifted its holdings in DSW by 1.0% during the second quarter. Northern Trust Corp now owns 1,034,222 shares of the company’s stock worth $18,306,000 after acquiring an additional 10,674 shares during the period. Finally, Vanguard Group Inc. lifted 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 during the period. Institutional investors and hedge funds own 90.73% of the company’s stock.

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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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