DSW Inc. (NYSE:DSW)‘s stock had its “neutral” rating reissued by investment analysts at B. Riley in a report released on Monday. They currently have a $26.00 price target on the stock. B. Riley’s price target would indicate a potential upside of 5.65% from the stock’s current price.
Other research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $23.00 price objective (up from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group dropped their price objective on shares of DSW from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 31st. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Susquehanna initiated coverage on shares of DSW in a research note on Thursday, September 15th. They issued a “negative” rating and a $19.00 price objective on the stock. Finally, Standpoint Research initiated coverage on shares of DSW in a research note on Friday, November 4th. They issued a “buy” rating and a $28.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.64.
DSW (NYSE:DSW) traded down 1.16% on Monday, hitting $24.61. 1,794,480 shares of the stock traded hands. The firm has a market capitalization of $2.02 billion, a PE ratio of 19.64 and a beta of 0.72. The stock has a 50 day moving average of $21.84 and a 200 day moving average of $22.34. DSW has a 52 week low of $18.51 and a 52 week high of $29.53.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $697 million for the quarter, compared to analyst estimates of $710.42 million. DSW had a net margin of 3.90% and a return on equity of 12.45%. DSW’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities research analysts anticipate that DSW will post $1.40 earnings per share for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 3.25%. DSW’s dividend payout ratio (DPR) is currently 62.99%.
In other news, Chairman Deborah L. Ferree sold 114,854 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $24.88, for a total value of $2,857,567.52. Following the completion of the transaction, the chairman now directly owns 228,774 shares in the company, valued at $5,691,897.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Jordan sold 42,423 shares of the firm’s 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 $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in DSW. Fenimore Asset Management raised its position in DSW by 41.5% in the fourth quarter. Fenimore Asset Management now owns 916,519 shares of the company’s stock worth $21,868,000 after buying an additional 268,775 shares during the period. Cambiar Investors LLC raised its position in DSW by 8.4% in the fourth quarter. Cambiar Investors LLC now owns 1,330,532 shares of the company’s stock worth $31,746,000 after buying an additional 103,636 shares during the period. Gradient Investments purchased a new position in DSW during the fourth quarter worth approximately $3,675,000. Leonard Capital Management Inc purchased a new position in DSW during the fourth quarter worth approximately $3,173,000. Finally, Manning & Napier Advisors purchased a new position in DSW during the fourth quarter worth approximately $3,343,000. Institutional investors own 85.00% of the company’s stock.