DSW (NYSE:DSW) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.
Several other research analysts also recently commented on DSW. B. Riley set a $22.00 price objective on shares of DSW and gave the stock a “neutral” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and issued a $22.00 price objective (up from $20.00) on shares of DSW in a report on Wednesday. Zacks Investment Research downgraded shares of DSW from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating in a report on Sunday, November 26th. Finally, Buckingham Research raised their price objective on shares of DSW from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.18.
Shares of DSW (NYSE:DSW) traded down $0.40 during mid-day trading on Wednesday, hitting $21.30. 3,321,727 shares of the stock traded hands, compared to its average volume of 1,910,000. DSW has a 12 month low of $15.14 and a 12 month high of $22.72. The stock has a market cap of $1,700.00, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.95 and a beta of 0.74.
A number of large investors have recently made changes to their positions in DSW. Brown Advisory Inc. bought a new position in DSW in the 4th quarter valued at $23,213,000. Greenlight Capital Inc. boosted its holdings in DSW by 35.1% in the 3rd quarter. Greenlight Capital Inc. now owns 3,049,000 shares of the company’s stock valued at $65,492,000 after purchasing an additional 792,894 shares during the period. Mesirow Financial Investment Management Equity Management boosted its holdings in DSW by 397.4% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock valued at $16,030,000 after purchasing an additional 598,171 shares during the period. Clark Capital Management Group Inc. boosted its holdings in DSW by 948.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,239 shares of the company’s stock valued at $13,815,000 after purchasing an additional 583,672 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in DSW by 36.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,576,873 shares of the company’s stock valued at $33,760,000 after purchasing an additional 421,408 shares during the period. 97.04% of the stock is owned by hedge funds and other institutional investors.
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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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