Mizuho reissued their neutral rating on shares of DSW Inc. (NYSE:DSW) in a report issued on Wednesday morning. Mizuho currently has a $21.00 price objective on the stock.

Several other research firms have also commented on DSW. SunTrust Banks, Inc. lowered shares of DSW from a buy rating to a hold rating in a report on Tuesday, January 3rd. Zacks Investment Research raised shares of DSW from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Wednesday, January 11th. Vetr raised shares of DSW from a buy rating to a strong-buy rating and set a $28.50 price target on the stock in a report on Wednesday, December 28th. Cleveland Research lowered shares of DSW from a neutral rating to an underperform rating in a report on Monday, February 27th. Finally, Standpoint Research raised shares of DSW from a hold rating to a buy rating in a report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $23.78.

DSW (NYSE:DSW) traded down 1.6392% during midday trading on Wednesday, reaching $20.0656. The company’s stock had a trading volume of 217,904 shares. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 13.2359 and a beta of 0.66. DSW has a one year low of $18.51 and a one year high of $28.05. The stock’s 50 day moving average price is $20.98 and its 200-day moving average price is $22.03.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, March 14th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. DSW had a net margin of 3.90% and a return on equity of 12.46%. The company had revenue of $674.60 million for the quarter, compared to analyst estimates of $690.99 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. On average, analysts forecast that DSW will post $1.49 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.92%. DSW’s payout ratio is 62.99%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in DSW by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 726,693 shares of the company’s stock worth $14,883,000 after buying an additional 55,420 shares during the last quarter. Marshall Wace LLP increased its stake in DSW by 698.2% in the fourth quarter. Marshall Wace LLP now owns 477,293 shares of the company’s stock worth $10,810,000 after buying an additional 417,500 shares during the last quarter. Paragon Capital Management LLC increased its stake in DSW by 5.0% in the third quarter. Paragon Capital Management LLC now owns 433,878 shares of the company’s stock worth $8,885,000 after buying an additional 20,658 shares during the last quarter. Royce & Associates LP increased its stake in DSW by 29.5% in the fourth quarter. Royce & Associates LP now owns 3,126,982 shares of the company’s stock worth $70,826,000 after buying an additional 713,053 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in DSW by 7.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,848,557 shares of the company’s stock worth $37,858,000 after buying an additional 121,044 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

About DSW

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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