DSW Inc. (DSW) Rating Reiterated by Susquehanna Bancshares Inc

DSW Inc. (NYSE:DSW)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Susquehanna Bancshares Inc in a research report issued on Friday. They presently have a $17.00 target price on the stock. Susquehanna Bancshares Inc’s price objective indicates a potential downside of 13.18% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, November 30th. Mizuho initiated coverage on shares of DSW in a research report on Thursday, December 15th. They set a “buy” rating and a $29.00 target price for the company. Jefferies Group LLC set a $28.00 target price on shares of DSW and gave the company a “buy” rating in a research report on Thursday, November 24th. Vetr upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $25.09 target price for the company in a research report on Wednesday, December 21st. Finally, Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.78.

Analyst Recommendations for DSW (NYSE:DSW)

Shares of DSW (NYSE:DSW) opened at 19.58 on Friday. The firm has a market cap of $1.58 billion, a price-to-earnings 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’s 50-day moving average is $20.98 and its 200-day moving average is $22.03.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, March 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. DSW had a net margin of 3.90% and a return on equity of 12.46%. The business earned $674.60 million during the quarter, compared to analyst estimates of $690.99 million. During the same period in the previous year, the business posted $0.14 earnings per share. DSW’s revenue for the quarter was up .4% on a year-over-year basis. Analysts predict that DSW will post $1.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. DSW’s dividend payout ratio is currently 62.99%.

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A number of large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in DSW by 39.7% in the third quarter. BNP Paribas Arbitrage SA now owns 45,987 shares of the company’s stock worth $942,000 after buying an additional 13,076 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in DSW by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 242,493 shares of the company’s stock worth $4,966,000 after buying an additional 1,918 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in DSW by 34.4% in the third quarter. Nisa Investment Advisors LLC now owns 35,104 shares of the company’s stock worth $719,000 after buying an additional 8,992 shares in the last quarter. MSI Financial Services Inc raised its stake in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock worth $137,000 after buying an additional 190 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its stake in DSW by 2.9% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 178,480 shares of the company’s stock worth $3,655,000 after buying an additional 4,990 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

About DSW

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.

5 Day Chart for NYSE:DSW

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