ValuEngine cut shares of DSW (NYSE:DSW) from a buy rating to a hold rating in a report released on Tuesday morning.
A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded DSW from a hold rating to a buy rating and set a $23.00 target price for the company in a research note on Friday, February 2nd. Deutsche Bank raised their target price on DSW from $21.00 to $24.00 and gave the company a buy rating in a research note on Monday. B. Riley restated a hold rating on shares of DSW in a research note on Wednesday, March 7th. Finally, Canaccord Genuity set a $20.00 target price on DSW and gave the company a hold rating in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $21.40.
Shares of DSW (NYSE:DSW) opened at $21.79 on Tuesday. The firm has a market capitalization of $1,755.93, a P/E ratio of 26.25, a PEG ratio of 2.17 and a beta of 0.74. DSW has a 1 year low of $15.14 and a 1 year high of $22.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.66 and a quick ratio of 1.11.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.11. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. equities research analysts anticipate that DSW will post 1.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be paid a dividend of $0.25 per share. This is a boost from DSW’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.59%. DSW’s payout ratio is presently 96.39%.
A number of large investors have recently made changes to their positions in the business. American International Group Inc. raised its stake in DSW by 7.0% during the third quarter. American International Group Inc. now owns 52,875 shares of the company’s stock valued at $1,136,000 after buying an additional 3,443 shares during the last quarter. FDx Advisors Inc. raised its stake in DSW by 18.2% during the fourth quarter. FDx Advisors Inc. now owns 28,320 shares of the company’s stock valued at $606,000 after buying an additional 4,366 shares during the last quarter. Eagle Boston Investment Management Inc. raised its stake in DSW by 1.7% during the third quarter. Eagle Boston Investment Management Inc. now owns 261,775 shares of the company’s stock valued at $5,698,000 after buying an additional 4,372 shares during the last quarter. First Trust Advisors LP raised its stake in DSW by 2.7% during the fourth quarter. First Trust Advisors LP now owns 168,130 shares of the company’s stock valued at $3,600,000 after buying an additional 4,469 shares during the last quarter. Finally, Sit Investment Associates Inc. purchased a new position in DSW during the fourth quarter valued at $100,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
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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.
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