DSW (NYSE:DSW)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a research note issued on Wednesday. They presently have a $22.00 target price on the stock, up from their prior target price of $20.00. Canaccord Genuity’s price objective points to a potential upside of 3.92% from the stock’s current price.
Several other analysts also recently issued reports on DSW. B. Riley set a $22.00 price objective on DSW and gave the stock a “neutral” rating in a report on Wednesday. Zacks Investment Research downgraded DSW from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Susquehanna Bancshares upgraded DSW from a “neutral” rating to a “positive” rating in a report on Sunday, November 26th. Buckingham Research boosted their price objective on DSW from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, UBS Group upgraded DSW from a “neutral” rating to a “positive” rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. DSW presently has a consensus rating of “Hold” and an average price target of $21.18.
DSW (DSW) traded down $0.53 during midday trading on Wednesday, reaching $21.17. The company’s stock had a trading volume of 1,685,674 shares, compared to its average volume of 1,731,321. The firm has a market cap of $1,567.94, a P/E ratio of 19.94, a PEG ratio of 1.95 and a beta of 0.74. DSW has a 12-month low of $15.14 and a 12-month high of $22.72.
Several institutional investors and hedge funds have recently modified their holdings of the company. Fenimore Asset Management increased its holdings in DSW by 41.5% in the fourth quarter. Fenimore Asset Management now owns 916,519 shares of the company’s stock worth $21,868,000 after buying an additional 268,775 shares during the last quarter. Manning & Napier Advisors acquired a new position in DSW in the fourth quarter worth approximately $3,343,000. First American Bank acquired a new position in DSW in the fourth quarter worth approximately $1,898,000. Shufro Rose & Company increased its holdings in DSW by 166.8% in the fourth quarter. Shufro Rose & Company now owns 180,490 shares of the company’s stock worth $4,306,000 after buying an additional 112,850 shares during the last quarter. Finally, Gradient Investments acquired a new position in DSW in the fourth quarter worth approximately $3,675,000. Institutional investors own 97.04% of the company’s stock.
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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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