DSW Inc. (NYSE:DSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
Other analysts also recently issued reports about 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 company 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.52.
Shares of DSW (NYSE:DSW) traded down 0.40% on Friday, hitting $24.90. The 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 stock has a 50 day moving average price of $21.69 and a 200-day moving average price of $22.34. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.87 and a beta of 0.72.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The company earned $697 million during the quarter, compared to the consensus estimate of $710.42 million. DSW had a return on equity of 12.45% and a net margin of 3.90%. DSW’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. On average, equities analysts expect that DSW will post $1.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, December 14th. DSW’s dividend payout ratio is presently 62.99%.
In other DSW news, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were 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 owns 72,333 shares of the company’s stock, valued at $1,808,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the completion of the transaction, the director now directly owns 20,142 shares in the company, valued at approximately $473,337. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Parkwood LLC boosted its position in shares of DSW by 54.2% in the second quarter. Parkwood LLC now owns 21,424 shares of the company’s stock worth $454,000 after buying an additional 7,531 shares in the last quarter. Paragon Capital Management LLC boosted its position in shares of DSW by 3.1% in the second quarter. Paragon Capital Management LLC now owns 413,220 shares of the company’s stock worth $8,751,000 after buying an additional 12,473 shares in the last quarter. First American Bank boosted its position in shares of DSW by 1.6% in the second quarter. First American Bank now owns 105,549 shares of the company’s stock worth $2,236,000 after buying an additional 1,649 shares in the last quarter. First Quadrant L P CA boosted its position in shares of DSW by 407.7% in the second quarter. First Quadrant L P CA now owns 132,000 shares of the company’s stock worth $2,796,000 after buying an additional 106,000 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in shares of DSW by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 240,575 shares of the company’s stock worth $5,095,000 after buying an additional 6,270 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
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.