B. Riley downgraded shares of DSW Inc. (NYSE:DSW) from a buy rating to a neutral rating in a research note issued to investors on Thursday, November 2nd. They currently have $20.00 price objective on the stock, down from their prior price objective of $22.00.
Several other equities research analysts have also commented on the company. Wedbush upgraded DSW from a neutral rating to an outperform rating and set a $22.00 price objective on the stock in a research report on Wednesday, July 26th. Standpoint Research upgraded DSW from a hold rating to a buy rating in a research report on Friday, October 20th. Deutsche Bank AG upgraded DSW from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Tuesday, July 25th. Canaccord Genuity set a $17.00 price objective on DSW and gave the stock a hold rating in a research report on Sunday, August 20th. Finally, Zacks Investment Research upgraded DSW from a sell rating to a hold rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $21.58.
DSW (DSW) opened at $19.55 on Thursday. DSW has a fifty-two week low of $15.14 and a fifty-two week high of $25.96. The stock has a market cap of $1,570.00, a PE ratio of 15.98, a PEG ratio of 2.44 and a beta of 0.79.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.08). DSW had a return on equity of 12.12% and a net margin of 4.41%. The business had revenue of $708.30 million during the quarter, compared to analyst estimates of $710.24 million. During the same quarter last year, the company posted $0.51 EPS. DSW’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts forecast that DSW will post 1.48 earnings per share for the current fiscal year.
DSW announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, Chairman Deborah L. Ferree sold 75,452 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the completion of the sale, the chairman now directly owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the sale, the executive vice president now directly owns 44,254 shares of the company’s stock, valued at $886,407.62. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock valued at $2,559,458 over the last ninety days. Corporate insiders own 20.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. acquired a new position in DSW in the 3rd quarter valued at about $152,000. PNC Financial Services Group Inc. grew its position in DSW by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after acquiring an additional 283 shares in the last quarter. 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, Capstone Asset Management Co. acquired a new position in DSW in the 2nd quarter valued at about $210,000. 86.11% of the stock is owned by hedge funds and other institutional investors.
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.
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