DSW Inc. (NYSE:DSW) has been given a consensus recommendation of “Hold” by the twenty-one analysts that are presently covering the firm. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $23.79.
Several equities analysts have issued reports on DSW shares. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, October 4th. Citigroup Inc. increased their price objective on shares of DSW from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 31st. Telsey Advisory Group increased their price objective on shares of DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $23.00 price objective (up from $19.00) on shares of DSW in a report on Monday, August 29th. They noted that the move was a valuation call. Finally, Susquehanna started coverage on shares of DSW in a report on Thursday, September 15th. They set a “negative” rating and a $19.00 price objective on the stock.
DSW (NYSE:DSW) opened at 21.16 on Tuesday. DSW has a one year low of $18.51 and a one year high of $29.53. The company’s 50-day moving average is $22.51 and its 200 day moving average is $23.20. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.89 and a beta of 0.84.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $659 million for the quarter, compared to the consensus estimate of $658.95 million. DSW had a net margin of 3.96% and a return on equity of 12.51%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that DSW will post $1.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Wednesday, September 14th. DSW’s dividend payout ratio (DPR) is currently 64.52%.
In related news, Director Harvey L. Sonnenberg sold 8,000 shares of DSW stock in a transaction that occurred 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 transaction, the director now owns 20,142 shares in the company, valued at $473,337. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William L. Jordan sold 42,423 shares of DSW stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the completion of the transaction, the executive vice president now owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in shares of 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 during the period. Point72 Asset Management L.P. boosted its position in shares of 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 during the period. Citigroup Inc. boosted its position in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of DSW by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,047,286 shares of the company’s stock worth $64,540,000 after buying an additional 664,487 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of DSW by 1,174.8% in the first quarter. Prudential Financial Inc. now owns 515,675 shares of the company’s stock worth $14,253,000 after buying an additional 475,223 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.