Shares of DSW Inc. (NYSE:DSW) have received an average recommendation of “Hold” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.92.
A number of equities research analysts have recently issued reports on DSW shares. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, August 14th. Needham & Company LLC started coverage on shares of DSW in a report on Thursday, June 21st. They set a “buy” rating and a $29.00 target price for the company. ValuEngine raised shares of DSW from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. B. Riley set a $23.00 target price on shares of DSW and gave the stock a “hold” rating in a report on Thursday, May 31st. Finally, Canaccord Genuity set a $22.00 price objective on shares of DSW and gave the company a “hold” rating in a report on Tuesday, May 29th.
Shares of DSW stock traded down $0.26 during trading hours on Monday, reaching $32.41. 21,484 shares of the company’s stock were exchanged, compared to its average volume of 2,523,946. DSW has a 1 year low of $17.75 and a 1 year high of $34.02. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.12 and a beta of 0.87.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The business had revenue of $793.70 million during the quarter, compared to analyst estimates of $689.41 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. equities analysts expect that DSW will post 1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Monday, September 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, September 21st. DSW’s dividend payout ratio is currently 65.79%.
In related news, CFO Jared A. Poff sold 1,960 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now owns 11,785 shares of the company’s stock, valued at $300,163.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Foresters Investment Management Company Inc. boosted its stake in DSW by 0.4% during the first quarter. Foresters Investment Management Company Inc. now owns 1,192,250 shares of the company’s stock worth $26,778,000 after buying an additional 5,100 shares during the period. Guggenheim Capital LLC boosted its stake in DSW by 3.2% during the first quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after buying an additional 3,767 shares during the period. Swiss National Bank boosted its stake in DSW by 5.0% during the first quarter. Swiss National Bank now owns 113,800 shares of the company’s stock worth $2,556,000 after buying an additional 5,400 shares during the period. Eagle Asset Management Inc. purchased a new position in DSW during the second quarter worth about $15,087,000. Finally, Thrivent Financial for Lutherans boosted its stake in DSW by 7.9% during the first quarter. Thrivent Financial for Lutherans now owns 48,672 shares of the company’s stock worth $1,093,000 after buying an additional 3,552 shares during the period. 89.18% of the stock is owned by institutional investors.
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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