Other equities analysts also recently issued research reports about the company. Vetr upgraded DSW from a hold rating to a buy rating and set a $25.09 target price for the company in a report on Wednesday, December 21st. Jefferies Group LLC set a $28.00 target price on DSW and gave the company a buy rating in a report on Thursday, November 24th. Zacks Investment Research upgraded DSW from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Wednesday, November 30th. Standpoint Research upgraded DSW from a hold rating to a buy rating in a report on Tuesday, January 3rd. Finally, Canaccord Genuity set a $19.00 target price on DSW and gave the company a buy rating in a report on Saturday, February 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. DSW has an average rating of Hold and a consensus target price of $23.78.
DSW (NYSE:DSW) opened at 19.58 on Wednesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 12.92 and a beta of 0.66. DSW has a 12 month low of $18.51 and a 12 month high of $28.05. The firm has a 50-day moving average price of $20.98 and a 200 day moving average price of $22.03.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, March 14th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company earned $674.60 million during the quarter, compared to the consensus estimate of $690.99 million. DSW had a return on equity of 12.46% and a net margin of 3.90%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities analysts anticipate that DSW will post $1.49 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.09%. DSW’s payout ratio is presently 62.99%.
Several institutional investors have recently modified their holdings of DSW. NEXT Financial Group Inc bought a new position in shares of DSW during the third quarter valued at $123,000. MSI Financial Services Inc increased its position in shares of DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock valued at $137,000 after buying an additional 190 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of DSW by 100.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,200 shares of the company’s stock valued at $147,000 after buying an additional 3,600 shares during the last quarter. Gideon Capital Advisors Inc. bought a new position in shares of DSW during the fourth quarter valued at $202,000. Finally, Bbva Compass Bancshares Inc. bought a new position in shares of DSW during the third quarter valued at $255,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
DSW Company Profile
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
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