DSW Inc. (NYSE:DSW)’s share price gapped up before the market opened on Monday after Buckingham Research raised their price target on the stock from $18.00 to $22.00. The stock had previously closed at $19.03, but opened at $20.20. Buckingham Research currently has a neutral rating on the stock. DSW shares last traded at $22.15, with a volume of 5638700 shares trading hands.
Other equities analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of DSW in a research note on Monday, August 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 target price (up from $21.00) on shares of DSW in a research note on Wednesday, August 23rd. Standpoint Research raised shares of DSW from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of DSW in a research note on Thursday, September 28th. Finally, Canaccord Genuity set a $17.00 price objective on shares of DSW and gave the stock a “hold” rating in a research note on Sunday, August 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. DSW has an average rating of “Hold” and a consensus target price of $21.58.
In related news, Chairman Deborah L. Ferree sold 10,073 shares of DSW stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total transaction of $216,871.69. Following the completion of the sale, the chairman now owns 113,920 shares in the company, valued at approximately $2,452,697.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Jordan sold 10,000 shares of DSW stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $21.32, for a total transaction of $213,200.00. Following the sale, the executive vice president now owns 51,588 shares of the company’s stock, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,891 shares of company stock valued at $2,559,458. 20.40% of the stock is owned by corporate insiders.
The firm has a market capitalization of $1,790.00, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. DSW had a net margin of 4.41% and a return on equity of 12.12%. The business had revenue of $680.40 million during the quarter, compared to analyst estimates of $666.66 million. During the same quarter in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts expect that DSW Inc. will post 1.48 EPS for the current year.
DSW announced that its board has approved a stock repurchase plan on Tuesday, August 22nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
COPYRIGHT VIOLATION WARNING: “DSW Inc. (DSW) Shares Gap Up on Analyst Upgrade” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://sportsperspectives.com/2017/11/21/dsw-inc-dsw-shares-gap-up-on-analyst-upgrade.html.
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.
Receive News & Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related companies with MarketBeat.com's FREE daily email newsletter.