DSW Inc. (DSW) has been upgraded today by the research analysts at investment firm MKM Partners which upgraded DSW from a “neutral” rating to “buy.” MKM also set a price target on DSW at $56 dollars. DSW set a new yearly high during intraday trading today, reaching the $51.32 dollar mark.
DSW is slated to release their next earnings report on August 31st, 2011 and is estimated to post EPS of 61 cents. Their last earnings report was released today and announced EPS of 87 cents with revenue totaling 503.6 million which was up 12.0 % year to year. DSW is currently trading above its 50 & 200-day moving averages and 2011 is an up year for the company.
DSW is a U.S. branded footwear specialty retailer operating 311 shoe stores in 39 states and dsw.com as of January 29, 2011. DSW offers a wide assortment of better-branded dress, casual and athletic footwear for women and men, as well as accessories through DSW stores and dsw.com. The company has market capitalization of $878,000,000 and 17,119,000 shares outstanding. DSW has a 52-week high of $51.32 with the low being $20.96 dollars.