Jefferies Group LLC Analysts Give DSW Inc. (DSW) a $20.00 Price Target
Several other analysts also recently commented on the stock. Standpoint Research raised shares of DSW from a hold rating to a buy rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of DSW from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a research report on Thursday, September 28th. Wedbush reissued an ourperform rating and issued a $23.00 price target on shares of DSW in a research report on Monday, September 25th. B. Riley reissued a buy rating and issued a $22.00 price target on shares of DSW in a research report on Monday, August 28th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $21.00 price target on shares of DSW in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $21.61.
DSW (DSW) opened at $18.89 on Tuesday. The stock has a market capitalization of $1.52 billion, a PE ratio of 13.38, a PEG ratio of 2.04 and a beta of 0.79.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. analysts forecast that DSW will post 1.48 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/jefferies-group-llc-analysts-give-dsw-inc-dsw-a-20-00-price-target/1677839.html.
DSW announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 22nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, EVP William L. Jordan sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the sale, the executive vice president now directly owns 51,588 shares in the company, valued at $1,099,856.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William L. Jordan sold 2,666 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $20.03, for a total value of $53,399.98. Following the sale, the executive vice president now owns 44,254 shares in the company, valued at $886,407.62. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock worth $2,559,458 over the last 90 days. 20.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of DSW by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of DSW by 1.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock worth $343,000 after purchasing an additional 300 shares in the last quarter. Aperio Group LLC grew its holdings in shares of DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock worth $436,000 after purchasing an additional 815 shares in the last quarter. Shufro Rose & Co. LLC grew its holdings in shares of DSW by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock worth $1,469,000 after purchasing an additional 915 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock worth $1,985,000 after purchasing an additional 1,099 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.
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.
Receive News & Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.