DSW Inc. (NYSE:DSW) Upgraded to Outperform by Wedbush
Wedbush upgraded shares of DSW Inc. (NYSE:DSW) from a neutral rating to an outperform rating in a research note published on Wednesday, Marketbeat Ratings reports. The firm currently has $22.00 price objective on the stock. Wedbush also issued estimates for DSW’s Q2 2018 earnings at $0.30 EPS and Q4 2018 earnings at $0.31 EPS.
A number of other equities research analysts also recently weighed in on DSW. Buckingham Research downgraded shares of DSW from a buy rating to a neutral rating and set a $20.00 target price on the stock. in a research note on Monday, May 8th. Zacks Investment Research raised shares of DSW from a strong sell rating to a hold rating in a research note on Tuesday, May 9th. Canaccord Genuity reaffirmed a hold rating and issued a $19.00 target price on shares of DSW in a research note on Tuesday, May 16th. CL King raised shares of DSW from a neutral rating to a buy rating in a research note on Tuesday, May 23rd. Finally, B. Riley reaffirmed a neutral rating and issued a $18.50 target price on shares of DSW in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $21.53.
DSW (DSW) opened at 18.23 on Wednesday. The company’s 50-day moving average is $17.37 and its 200-day moving average is $19.32. DSW has a 52-week low of $15.98 and a 52-week high of $26.22. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.65 and a beta of 0.83.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $691.10 million during the quarter, compared to analysts’ expectations of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. Analysts forecast that DSW will post $1.44 EPS for the current fiscal year.
In related news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total value of $151,902.00. Following the transaction, the director now directly owns 12,242 shares of the company’s stock, valued at $220,356. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joanne Zaiac sold 4,219 shares of DSW stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the transaction, the director now directly owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. 20.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Spears Abacus Advisors LLC acquired a new position in shares of DSW during the first quarter valued at about $287,000. Bbva Compass Bancshares Inc. increased its position in shares of DSW by 2.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock valued at $297,000 after buying an additional 332 shares in the last quarter. Scout Investments Inc. acquired a new position in shares of DSW during the first quarter valued at about $6,706,000. Paragon Capital Management LLC increased its position in shares of DSW by 25.1% in the first quarter. Paragon Capital Management LLC now owns 500,267 shares of the company’s stock valued at $10,345,000 after buying an additional 100,227 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its position in shares of DSW by 13.0% in the first quarter. Olstein Capital Management L.P. now owns 582,480 shares of the company’s stock valued at $12,046,000 after buying an additional 67,000 shares in the last quarter. 89.49% of the stock is currently owned by institutional investors.
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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