According to Zacks, “DSW is a specialty branded footwear retailer operating DSW stores and also supplies, under supply arrangements, to related retailers and to other non-related retailers in the United States. “
Several other research firms have also issued reports on DSW. Citigroup Inc. increased their target price on DSW from $20.00 to $24.00 and gave the stock a neutral rating in a research note on Wednesday, August 31st. Telsey Advisory Group raised their target price on DSW from $23.00 to $27.00 and gave the stock a market perform rating in a research report on Thursday, August 25th. Canaccord Genuity reissued a hold rating and set a $23.00 target price (up previously from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Susquehanna initiated coverage on DSW in a research note on Thursday, September 15th. They set a negative rating and a $19.00 price target on the stock. Finally, Deutsche Bank AG raised their price target on DSW from $22.00 to $23.00 and gave the stock a hold rating in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $23.80.
Shares of DSW (NYSE:DSW) opened at 20.91 on Tuesday. DSW has a 12-month low of $18.51 and a 12-month high of $29.53. The company has a 50 day moving average price of $23.04 and a 200 day moving average price of $23.34. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.69 and a beta of 0.84.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business earned $659 million during the quarter, compared to analysts’ expectations of $658.95 million. DSW had a return on equity of 12.51% and a net margin of 3.96%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts anticipate that DSW will post $1.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Wednesday, September 14th. DSW’s dividend payout ratio (DPR) is presently 64.52%.
In other news, Director Harvey L. Sonnenberg sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was 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 owns 20,142 shares of the company’s stock, valued at $473,337. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value 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 approximately $1,808,325. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
Several large investors have recently modified their holdings of DSW. Wellington Management Group LLP increased its stake in shares of 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 increased its stake in shares of 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. bought a new stake in shares of DSW during the first quarter valued at $658,000. OMERS ADMINISTRATION Corp bought a new stake in shares of DSW during the first quarter valued at $279,000. Finally, Menta Capital LLC bought a new stake in shares of DSW during the first quarter valued at $547,000. 87.86% of the stock is owned by institutional investors.
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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