UBS Group cut shares of DSW (NYSE:DSW) to a neutral rating in a research note published on Friday, The Fly reports.

Several other brokerages have also issued reports on DSW. Zacks Investment Research upgraded shares of DSW from a hold rating to a buy rating and set a $32.00 target price for the company in a research report on Tuesday, August 14th. Deutsche Bank lowered shares of DSW from a buy rating to a hold rating and set a $24.00 target price for the company. in a research report on Wednesday, May 23rd. Canaccord Genuity set a $22.00 target price on shares of DSW and gave the company a hold rating in a research report on Tuesday, May 29th. Wedbush boosted their target price on shares of DSW from $21.00 to $24.00 and gave the company a neutral rating in a research report on Monday, August 13th. Finally, Susquehanna Bancshares restated a neutral rating on shares of DSW in a research report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. DSW currently has an average rating of Hold and an average price target of $23.80.

DSW opened at $26.49 on Friday. DSW has a twelve month low of $15.14 and a twelve month high of $29.27. The company has a market cap of $2.22 billion, a PE ratio of 17.43, a P/E/G ratio of 2.45 and a beta of 0.63.

DSW (NYSE:DSW) last released its quarterly earnings data on Wednesday, May 30th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. DSW had a net margin of 2.43% and a return on equity of 13.42%. The firm had revenue of $712.10 million during the quarter, compared to analysts’ expectations of $683.83 million. During the same period in the previous year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. analysts anticipate that DSW will post 1.61 EPS for the current fiscal year.

In related news, CFO Jared A. Poff sold 1,960 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total transaction of $49,921.20. Following the completion of the sale, the chief financial officer now directly owns 11,785 shares in the company, valued at $300,163.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of DSW by 10.7% in the second quarter. D.A. Davidson & CO. now owns 20,090 shares of the company’s stock worth $519,000 after purchasing an additional 1,947 shares during the period. Prudential Financial Inc. boosted its position in shares of DSW by 0.5% in the first quarter. Prudential Financial Inc. now owns 498,746 shares of the company’s stock worth $11,202,000 after purchasing an additional 2,310 shares during the period. Aperio Group LLC boosted its position in shares of DSW by 21.7% in the second quarter. Aperio Group LLC now owns 15,126 shares of the company’s stock worth $391,000 after purchasing an additional 2,694 shares during the period. Csenge Advisory Group boosted its position in shares of DSW by 19.8% in the first quarter. Csenge Advisory Group now owns 18,268 shares of the company’s stock worth $410,000 after purchasing an additional 3,020 shares during the period. Finally, US Bancorp DE boosted its position in shares of DSW by 392.7% in the second quarter. US Bancorp DE now owns 3,927 shares of the company’s stock worth $102,000 after purchasing an additional 3,130 shares during the period. Institutional investors own 95.03% of the company’s stock.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Analyst Recommendations for DSW (NYSE:DSW)

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