DSW Inc. (DSW) PT Set at $28.00 by Jefferies Group
Several other brokerages have also commented on DSW. B. Riley reaffirmed a neutral rating and issued a $23.00 price objective on shares of DSW in a research report on Wednesday, August 31st. Canaccord Genuity reaffirmed a hold rating and issued a $23.00 price objective (up from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group decreased their price objective on shares of DSW from $27.00 to $25.00 and set a market perform rating for the company in a research report on Wednesday, August 31st. Zacks Investment Research lowered shares of DSW from a buy rating to a hold rating in a research report on Wednesday, September 14th. Finally, Susquehanna initiated coverage on shares of DSW in a research report on Thursday, September 15th. They set a negative rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $24.64.
DSW (NYSE:DSW) opened at 23.71 on Thursday. DSW has a one year low of $18.51 and a one year high of $29.53. The firm has a 50-day moving average of $21.95 and a 200 day moving average of $22.34. The stock has a market capitalization of $1.96 billion, a PE ratio of 18.61 and a beta of 0.72.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm earned $697 million during the quarter, compared to analyst estimates of $710.42 million. DSW had a net margin of 3.90% and a return on equity of 12.45%. DSW’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that DSW will post $1.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.37%. DSW’s dividend payout ratio (DPR) is presently 62.99%.
In other DSW news, EVP William L. Jordan sold 42,423 shares of DSW stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of DSW stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the sale, the director now directly owns 20,142 shares in the company, valued at approximately $473,337. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Americafirst Capital Management LLC acquired a new stake in shares of DSW during the second quarter valued at about $107,000. NEXT Financial Group Inc bought a new position in DSW during the third quarter valued at approximately $123,000. MSI Financial Services Inc raised its position in 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 in the last quarter. PNC Financial Services Group Inc. raised its position in 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 in the last quarter. Finally, Pacad Investment Ltd. bought a new position in DSW during the second quarter valued at approximately $159,000. 85.00% of the stock is currently 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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