DSW Inc. (NYSE:DSW) has been assigned a $28.00 target price by Jefferies Group in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 12.45% from the stock’s current price.
Several other research firms have also weighed in on DSW. Canaccord Genuity reaffirmed a “hold” rating and set a $23.00 price target (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. Telsey Advisory Group boosted their price target on DSW from $23.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. Zacks Investment Research raised DSW from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Tuesday. B. Riley reaffirmed a “neutral” rating and set a $26.00 price target on shares of DSW in a research report on Wednesday. Finally, Susquehanna began coverage on DSW in a research report on Thursday, September 15th. They set a “negative” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. DSW presently has an average rating of “Hold” and a consensus target price of $24.64.
DSW (NYSE:DSW) traded down 0.40% on Thursday, reaching $24.90. The company’s stock had a trading volume of 564,404 shares. DSW has a 12 month low of $18.51 and a 12 month high of $29.53. The company has a market cap of $2.05 billion, a P/E ratio of 19.87 and a beta of 0.72. The company has a 50-day moving average price of $21.84 and a 200 day moving average price of $22.34.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $697 million for the quarter, compared to analyst estimates of $710.42 million. DSW had a return on equity of 12.45% and a net margin of 3.90%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that DSW will post $1.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.21%. DSW’s dividend payout ratio (DPR) is presently 62.99%.
In related news, EVP William L. Jordan sold 42,423 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,808,325. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 20,142 shares of the company’s stock, valued at $473,337. The disclosure for this sale can be found here. 20.30% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DSW. Geode Capital Management LLC increased its stake in DSW by 48.0% in the first quarter. Geode Capital Management LLC now owns 640,247 shares of the company’s stock worth $17,696,000 after buying an additional 207,517 shares during the last quarter. LPL Financial LLC increased its stake in DSW by 169.1% in the first quarter. LPL Financial LLC now owns 100,524 shares of the company’s stock worth $2,720,000 after buying an additional 63,174 shares during the last quarter. Royal Bank of Canada increased its stake in DSW by 10.3% in the first quarter. Royal Bank of Canada now owns 534,494 shares of the company’s stock worth $14,773,000 after buying an additional 49,895 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in DSW during the first quarter worth $598,000. Finally, Fenimore Asset Management Inc. increased its stake in DSW by 33.3% in the second quarter. Fenimore Asset Management Inc. now owns 1,395,032 shares of the company’s stock worth $29,547,000 after buying an additional 348,150 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.