DSW (DSW) PT Raised to $28.00

DSW (NYSE:DSW) had its price objective upped by Canaccord Genuity from $27.00 to $28.00 in a report issued on Wednesday morning. They currently have a hold rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank lifted their target price on shares of DSW from $24.00 to $28.00 and gave the stock a hold rating in a research report on Wednesday, August 29th. MKM Partners set a $29.00 target price on shares of DSW and gave the stock a hold rating in a research report on Friday, October 12th. Zacks Investment Research cut shares of DSW from a strong-buy rating to a hold rating in a research report on Tuesday, October 30th. ValuEngine raised shares of DSW from a hold rating to a buy rating in a research report on Tuesday, August 28th. Finally, UBS Group raised shares of DSW to a neutral rating in a research report on Friday, November 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $29.09.

DSW stock opened at $23.32 on Wednesday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.45 and a beta of 1.12. DSW has a 52-week low of $18.01 and a 52-week high of $34.63.

DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, December 11th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. The business had revenue of $833.00 million during the quarter, compared to the consensus estimate of $791.23 million. DSW had a return on equity of 18.11% and a net margin of 1.21%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Equities research analysts expect that DSW will post 1.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 21st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. DSW’s dividend payout ratio is currently 65.79%.

In other DSW news, Director Harvey L. Sonnenberg sold 5,540 shares of DSW stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $25.50, for a total transaction of $141,270.00. Following the transaction, the director now owns 12,335 shares of the company’s stock, valued at approximately $314,542.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of DSW by 392.7% in the 2nd 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. Envestnet Asset Management Inc. raised its holdings in shares of DSW by 1,340.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock worth $112,000 after purchasing an additional 3,995 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of DSW in the 2nd quarter worth approximately $125,000. Essex Investment Management Co. LLC bought a new stake in shares of DSW in the 3rd quarter worth approximately $201,000. Finally, Virtu Financial LLC bought a new stake in shares of DSW in the 3rd quarter worth approximately $204,000. 88.35% of the stock is currently owned by institutional investors.

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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