DSW Inc. (NYSE:DSW) had its price objective upped by Citigroup Inc. from $18.00 to $20.00 in a report published on Wednesday morning. The brokerage currently has a neutral rating on the stock.
Several other equities analysts have also issued reports on DSW. B. Riley reaffirmed a neutral rating and set a $18.50 price target on shares of DSW in a research note on Wednesday, May 24th. Standpoint Research lowered DSW from a buy rating to a hold rating in a research note on Tuesday, August 22nd. Buckingham Research set a $18.00 price target on DSW and gave the company a hold rating in a research note on Tuesday, August 22nd. Canaccord Genuity cut their price target on DSW from $19.00 to $17.00 and set a hold rating on the stock in a research note on Wednesday, May 24th. Finally, Deutsche Bank AG reaffirmed a buy rating and set a $22.00 price target (up previously from $21.00) on shares of DSW in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $21.83.
DSW (NYSE:DSW) traded up 4.86% during trading on Wednesday, hitting $20.05. 4,706,741 shares of the stock were exchanged. DSW has a one year low of $15.14 and a one year high of $26.09. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 13.44 and a beta of 0.83. The stock’s 50 day moving average is $17.52 and its 200-day moving average is $18.90.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The business had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that DSW will post $1.50 earnings per share for the current fiscal year.
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DSW announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 22nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 33.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.99%. DSW’s dividend payout ratio (DPR) is currently 54.05%.
In other DSW news, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the completion of the sale, the director now directly owns 4,313 shares in the company, valued at $76,857.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the sale, the director now owns 12,242 shares of the company’s stock, valued at $220,356. The disclosure for this sale can be found here. 20.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in DSW. PNC Financial Services Group Inc. increased its stake in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of DSW by 1.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock valued at $343,000 after buying an additional 300 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of DSW by 2.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock valued at $297,000 after buying an additional 332 shares during the period. Aperio Group LLC increased its stake in shares of DSW by 3.4% in the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after buying an additional 815 shares during the period. Finally, Shufro Rose & Co. LLC increased its stake in shares of DSW by 1.1% in the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock valued at $1,469,000 after buying an additional 915 shares during the period. Institutional investors own 83.62% of the company’s stock.
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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