Designer Brands Inc (DSW) Given Consensus Rating of “Hold” by Analysts

Designer Brands Inc (NYSE:DSW) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.78.

A number of equities research analysts have commented on the company. ValuEngine upgraded Designer Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Telsey Advisory Group reduced their price target on Designer Brands from $30.00 to $26.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 20th. Canaccord Genuity set a $28.00 price target on Designer Brands and gave the company a “hold” rating in a research report on Monday, March 18th. TheStreet lowered Designer Brands from a “b” rating to a “c” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research lowered Designer Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 11th.

Shares of NYSE DSW traded down $1.40 during trading on Tuesday, reaching $21.10. The company had a trading volume of 2,554,495 shares, compared to its average volume of 3,053,663. Designer Brands has a 12 month low of $20.21 and a 12 month high of $34.63. The firm has a market capitalization of $1.70 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The company has a current ratio of 2.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19.



Designer Brands (NYSE:DSW) last released its quarterly earnings results on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.11). Designer Brands had a negative net margin of 0.64% and a positive return on equity of 14.76%. The company had revenue of $843.40 million during the quarter, compared to the consensus estimate of $842.73 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, analysts forecast that Designer Brands will post 1.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, March 29th. Designer Brands’s dividend payout ratio is 60.24%.

In other news, CEO Roger Rawlins sold 21,463 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.26, for a total value of $649,470.38. Following the transaction, the chief executive officer now directly owns 66,918 shares of the company’s stock, valued at approximately $2,024,938.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.70% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Piedmont Investment Advisors Inc. raised its stake in Designer Brands by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 16,239 shares of the company’s stock worth $401,000 after buying an additional 520 shares during the period. ClariVest Asset Management LLC increased its holdings in Designer Brands by 0.8% during the 4th quarter. ClariVest Asset Management LLC now owns 80,100 shares of the company’s stock worth $1,978,000 after purchasing an additional 600 shares in the last quarter. Nordea Investment Management AB increased its holdings in Designer Brands by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 80,100 shares of the company’s stock worth $1,978,000 after purchasing an additional 600 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Designer Brands by 1.9% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 34,938 shares of the company’s stock worth $863,000 after purchasing an additional 650 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Designer Brands by 3.2% during the 4th quarter. State of Alaska Department of Revenue now owns 22,801 shares of the company’s stock worth $563,000 after purchasing an additional 716 shares in the last quarter. 84.64% of the stock is currently owned by institutional investors.

About Designer Brands

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Analyst Recommendations for Designer Brands (NYSE:DSW)

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