Canaccord Genuity Reiterates “$22.00” Price Target for DSW (DSW)

Canaccord Genuity set a $22.00 price objective on DSW (NYSE:DSW) in a research note issued to investors on Sunday, January 7th. The brokerage currently has a hold rating on the stock.

DSW has been the topic of a number of other reports. Zacks Investment Research lowered shares of DSW from a strong-buy rating to a hold rating in a research report on Friday, November 3rd. Jefferies Group reiterated a hold rating and issued a $20.00 price objective on shares of DSW in a research report on Thursday, September 28th. UBS Group upgraded shares of DSW from a neutral rating to a positive rating in a research report on Thursday, November 16th. Susquehanna Bancshares upgraded shares of DSW from a neutral rating to a positive rating in a research report on Sunday, November 26th. Finally, B. Riley restated a hold rating and set a $20.00 target price on shares of DSW in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $21.42.

Shares of DSW (NYSE DSW) traded down $0.52 during trading on Friday, hitting $20.63. 1,145,800 shares of the stock were exchanged, compared to its average volume of 1,346,850. The firm has a market cap of $1,660.00, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.38 and a beta of 0.84. DSW has a fifty-two week low of $15.14 and a fifty-two week high of $22.72.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, November 21st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.08). DSW had a net margin of 3.13% and a return on equity of 11.43%. The business had revenue of $708.30 million during the quarter, compared to analyst estimates of $710.24 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts forecast that DSW will post 1.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Thursday, December 14th. DSW’s dividend payout ratio (DPR) is presently 74.77%.

Several large investors have recently added to or reduced their stakes in DSW. Sit Investment Associates Inc. acquired a new position in DSW in the 4th quarter valued at about $100,000. Robeco Institutional Asset Management B.V. acquired a new position in DSW in the 3rd quarter valued at about $152,000. SG Americas Securities LLC acquired a new position in DSW in the 2nd quarter valued at about $196,000. Wealthcare Advisory Partners LLC acquired a new position in DSW in the 3rd quarter valued at about $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in DSW in the 3rd quarter valued at about $217,000. 89.13% of the stock is owned by institutional investors and hedge funds.

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DSW Company Profile

DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.

Analyst Recommendations for DSW (NYSE:DSW)

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