DSW Inc. (DSW) Receives $21.50 Average Target Price from Brokerages
DSW Inc. (NYSE:DSW) has received an average rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.50.
Several research analysts have issued reports on the stock. Jefferies Group LLC set a $20.00 price target on shares of DSW and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. B. Riley restated a “buy” rating and issued a $22.00 price target on shares of DSW in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Thursday, September 28th. Citigroup Inc. lifted their price target on shares of DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Buckingham Research set a $18.00 price target on shares of DSW and gave the stock a “hold” rating in a research report on Tuesday, August 22nd.
In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of DSW stock in a transaction on Friday, August 25th. The shares were sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the completion of the sale, the chairman now owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Jordan sold 2,666 shares of DSW stock in a transaction on Monday, August 28th. The shares were sold at an average price of $20.03, for a total transaction of $53,399.98. Following the sale, the executive vice president now directly owns 44,254 shares of the company’s stock, valued at approximately $886,407.62. The disclosure for this sale can be found here. Insiders have sold a total of 127,891 shares of company stock valued at $2,559,458 in the last three months. Company insiders own 20.40% of the company’s stock.
Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of DSW by 42,735.5% in the 1st quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after purchasing an additional 8,327,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of DSW by 41.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock valued at $105,753,000 after purchasing an additional 1,748,831 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of DSW by 434.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock valued at $35,030,000 after purchasing an additional 1,376,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of DSW by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock valued at $119,615,000 after purchasing an additional 788,073 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of DSW by 41,676.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,530 shares of the company’s stock valued at $13,970,000 after purchasing an additional 673,913 shares during the last quarter. 85.55% of the stock is owned by institutional investors.
Shares of DSW (DSW) traded down 1.87% during midday trading on Thursday, hitting $18.86. The stock had a trading volume of 1,887,335 shares. DSW has a one year low of $15.14 and a one year high of $25.96. The firm has a 50 day moving average of $20.02 and a 200-day moving average of $18.72. The company has a market cap of $1.52 billion, a P/E ratio of 12.64 and a beta of 0.83.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, analysts forecast that DSW will post $1.50 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Monday, September 18th. DSW’s dividend payout ratio (DPR) is currently 54.05%.
DSW announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 33.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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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