Jefferies Group set a $28.00 price target on DSW Inc. (NYSE:DSW) in a research report report published on Thursday. The firm currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of DSW from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Tuesday, August 2nd. Standpoint Research assumed coverage on shares of DSW in a research report on Friday, November 4th. They issued a buy rating and a $28.00 price objective on the stock. Canaccord Genuity reissued a hold rating and issued a $23.00 price objective (up from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Credit Suisse Group AG reissued a hold rating and issued a $23.00 price objective on shares of DSW in a research report on Wednesday, August 31st. Finally, 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 report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $24.64.
DSW (NYSE:DSW) opened at 24.61 on Thursday. DSW has a 52-week low of $18.51 and a 52-week high of $29.53. The company’s 50-day moving average is $21.95 and its 200-day moving average is $22.34. The firm has a market capitalization of $2.02 billion, a P/E ratio of 19.64 and a beta of 0.72.
DSW (NYSE:DSW) last released its 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 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%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, analysts predict that DSW will post $1.40 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, December 14th. DSW’s dividend payout ratio (DPR) is 62.99%.
In other DSW news, Chairman Deborah L. Ferree sold 114,854 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $24.88, for a total transaction of $2,857,567.52. Following the transaction, the chairman now directly owns 228,774 shares of the company’s stock, valued at approximately $5,691,897.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the transaction, the director now directly owns 20,142 shares in the company, valued at $473,337. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DSW. Cambiar Investors LLC increased its position in shares of DSW by 20.9% in the second quarter. Cambiar Investors LLC now owns 1,339,224 shares of the company’s stock valued at $28,365,000 after buying an additional 231,953 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of DSW during the second quarter valued at about $107,000. Dimensional Fund Advisors LP increased 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 valued at $64,540,000 after buying an additional 664,487 shares during the last quarter. Parkwood LLC increased 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 valued at $454,000 after buying an additional 7,531 shares during the last quarter. Finally, Pekin Singer Strauss Asset Management IL increased its position in shares of DSW by 23.6% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 597,614 shares of the company’s stock valued at $12,657,000 after buying an additional 114,127 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors.