DSW Inc. (DSW) Now Covered by Analysts at Susquehanna
Several other analysts have also issued reports on the company. Wells Fargo & Co. upgraded DSW from an underperform rating to a market perform rating in a report on Monday, July 11th. Deutsche Bank AG upped their target price on DSW from $22.00 to $23.00 and gave the stock a hold rating in a report on Friday, July 15th. Buckingham Research reiterated a buy rating and set a $27.00 target price on shares of DSW in a report on Friday, July 15th. Telsey Advisory Group upped their price objective on DSW from $23.00 to $27.00 and gave the company a market perform rating in a research note on Thursday, August 25th. Finally, Zacks Investment Research lowered DSW from a hold rating to a strong sell rating in a research note on Monday, May 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $23.99.
Shares of DSW (NYSE:DSW) opened at 21.37 on Thursday. The company has a 50-day moving average price of $24.12 and a 200 day moving average price of $23.86. DSW has a 52 week low of $18.51 and a 52 week high of $30.70. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 17.06 and a beta of 0.74.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. DSW had a return on equity of 12.51% and a net margin of 3.96%. The business had revenue of $659 million for the quarter, compared to analyst estimates of $658.95 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. DSW’s revenue was up 5.1% on a year-over-year basis. Analysts expect that DSW will post $1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, September 14th. DSW’s dividend payout ratio (DPR) is presently 64.52%.
In other news, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $23.50, for a total value of $188,000.00. Following the completion of the sale, the director now directly owns 20,142 shares in the company, valued at approximately $473,337. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total value of $1,060,575.00. Following the completion of the sale, the executive vice president now owns 72,333 shares of the company’s stock, valued at $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors L.L.C. increased its stake in shares of DSW by 1.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 9,143 shares of the company’s stock valued at $253,000 after buying an additional 100 shares in the last quarter. Sei Investments Co. increased its stake in shares of DSW by 2.6% in the second quarter. Sei Investments Co. now owns 19,904 shares of the company’s stock valued at $422,000 after buying an additional 505 shares in the last quarter. I.G. Investment Management LTD. increased its stake in shares of DSW by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,358 shares of the company’s stock valued at $791,000 after buying an additional 687 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of DSW by 7.8% in the second quarter. Teacher Retirement System of Texas now owns 10,468 shares of the company’s stock valued at $222,000 after buying an additional 753 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of DSW by 1.1% in the second quarter. Fiera Capital Corp now owns 103,900 shares of the company’s stock valued at $2,201,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 88.44% of the company’s stock.
DSW Company Profile
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
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