Shares of DSW Inc. (NYSE:DSW) have received an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the company. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.79.
Several equities analysts have recently commented on DSW shares. B. Riley reissued a “neutral” rating and issued a $23.00 target price on shares of DSW in a report on Wednesday, August 31st. Deutsche Bank AG boosted their target price on shares of DSW from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, July 15th. Canaccord Genuity reissued a “hold” rating and issued a $23.00 target price (up previously from $19.00) on shares of DSW in a report on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group lowered their target price on shares of DSW from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, August 31st. Finally, Zacks Investment Research cut shares of DSW from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th.
Shares of DSW (NYSE:DSW) traded down 0.19% during midday trading on Tuesday, reaching $21.01. 726,770 shares of the company’s stock traded hands. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.77 and a beta of 0.84. DSW has a one year low of $18.51 and a one year high of $29.53. The company has a 50-day moving average of $22.92 and a 200-day moving average of $23.25.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. DSW had a net margin of 3.96% and a return on equity of 12.51%. The firm had revenue of $659 million for the quarter, compared to the consensus estimate of $658.95 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that DSW will post $1.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, September 14th. DSW’s dividend payout ratio (DPR) is presently 64.52%.
In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $23.50, for a total value of $188,000.00. Following the completion of the sale, the director now directly owns 20,142 shares of the company’s stock, valued at $473,337. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Jordan sold 42,423 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the completion of the sale, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Mariner Wealth Advisors LLC purchased a new stake in DSW during the first quarter valued at approximately $260,000. Wellington Management Group LLP raised its stake in DSW by 2.2% in the first quarter. Wellington Management Group LLP now owns 7,809,666 shares of the company’s stock valued at $215,859,000 after buying an additional 165,103 shares during the last quarter. Geode Capital Management LLC raised its stake in DSW by 48.0% in the first quarter. Geode Capital Management LLC now owns 640,247 shares of the company’s stock valued at $17,696,000 after buying an additional 207,517 shares during the last quarter. Scotia Capital Inc. purchased a new stake in DSW during the first quarter valued at approximately $658,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in DSW during the first quarter valued at approximately $279,000. 87.86% of the stock is owned by institutional investors.
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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