DSW (DSW) Raised to “B” at TheStreet

DSW (NYSE:DSW) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Tuesday.

A number of other research firms have also weighed in on DSW. ValuEngine lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Monday, February 26th. B. Riley set a $22.00 target price on shares of DSW and gave the stock a “neutral” rating in a report on Wednesday, March 14th. Deutsche Bank upped their target price on shares of DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Canaccord Genuity restated a “hold” rating and issued a $22.00 target price (up previously from $20.00) on shares of DSW in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. DSW currently has an average rating of “Hold” and a consensus price target of $21.40.

Shares of NYSE DSW traded up $0.07 during trading on Tuesday, hitting $22.14. 16,186 shares of the company traded hands, compared to its average volume of 1,783,598. DSW has a fifty-two week low of $15.14 and a fifty-two week high of $22.78. The firm has a market capitalization of $1,796.73, a P/E ratio of 14.52, a P/E/G ratio of 1.91 and a beta of 0.63.



DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. DSW had a net margin of 2.40% and a return on equity of 12.86%. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $728.46 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. sell-side analysts forecast that DSW will post 1.62 earnings per share for the current fiscal year.

In other DSW news, EVP William L. Jordan sold 34,412 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $22.47, for a total value of $773,237.64. Following the completion of the sale, the executive vice president now owns 88,705 shares in the company, valued at approximately $1,993,201.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 20.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DSW. Russell Investments Group Ltd. grew its position in shares of DSW by 256.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 111,027 shares of the company’s stock valued at $2,385,000 after acquiring an additional 79,846 shares during the period. American International Group Inc. grew its position in shares of DSW by 7.0% during the 3rd quarter. American International Group Inc. now owns 52,875 shares of the company’s stock valued at $1,136,000 after acquiring an additional 3,443 shares during the period. Legal & General Group Plc grew its position in shares of DSW by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 185,144 shares of the company’s stock valued at $3,977,000 after acquiring an additional 11,663 shares during the period. JPMorgan Chase & Co. grew its position in shares of DSW by 197.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,508 shares of the company’s stock valued at $1,465,000 after acquiring an additional 45,482 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of DSW by 24.8% during the 3rd quarter. Wells Fargo & Company MN now owns 262,438 shares of the company’s stock valued at $5,637,000 after acquiring an additional 52,183 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.

Analyst Recommendations for DSW (NYSE:DSW)

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