DSW Inc. (NYSE:DSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
A number of other analysts have also commented on the company. B. Riley reissued a “neutral” rating and issued a $23.00 target price on shares of DSW in a report on Monday, September 5th. Standpoint Research assumed coverage on DSW in a report on Friday, November 4th. They issued a “buy” rating and a $28.00 target price for the company. Canaccord Genuity set a $23.00 target price on DSW and gave the stock a “hold” rating in a report on Thursday, September 15th. Credit Suisse Group AG reissued a “hold” rating and issued a $23.00 target price on shares of DSW in a report on Wednesday, August 31st. Finally, Telsey Advisory Group reduced their target price on DSW from $27.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, August 31st. 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.52.
DSW (NYSE:DSW) traded down 0.40% on Friday, reaching $24.90. 564,404 shares of the company’s stock were exchanged. The company has a market cap of $2.05 billion, a PE ratio of 19.87 and a beta of 0.72. The firm’s 50 day moving average price is $21.69 and its 200 day moving average price is $22.34. DSW has a 52-week low of $18.51 and a 52-week high of $29.53.
DSW (NYSE:DSW) last released its earnings results on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. DSW had a return on equity of 12.45% and a net margin of 3.90%. The company earned $697 million during the quarter, compared to analysts’ expectations of $710.42 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that DSW will post $1.40 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.21%. DSW’s payout ratio is 62.99%.
In other news, EVP William L. Jordan sold 42,423 shares of the business’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 transaction, the executive vice president now directly owns 72,333 shares in the company, valued at $1,808,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $23.50, for a total value of $188,000.00. Following the completion of the transaction, the director now owns 20,142 shares in the company, valued at $473,337. The disclosure for this sale can be found here. 20.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of DSW. Adage Capital Partners GP L.L.C. purchased a new stake in DSW during the third quarter worth approximately $40,960,000. BlackRock Fund Advisors increased its stake in DSW by 143.4% in the second quarter. BlackRock Fund Advisors now owns 1,647,457 shares of the company’s stock worth $34,893,000 after buying an additional 970,513 shares in the last quarter. Point72 Asset Management L.P. increased its stake in DSW by 1,165.2% in the second quarter. Point72 Asset Management L.P. now owns 846,400 shares of the company’s stock worth $17,927,000 after buying an additional 779,500 shares in the last quarter. Morgan Stanley increased its stake in DSW by 970.8% in the third quarter. Morgan Stanley now owns 762,555 shares of the company’s stock worth $15,617,000 after buying an additional 691,340 shares in the last quarter. Finally, Citigroup Inc. increased its stake in DSW by 856.5% in the second quarter. Citigroup Inc. now owns 753,222 shares of the company’s stock worth $15,954,000 after buying an additional 674,476 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.
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.