DSW (DSW) Downgraded by ValuEngine

DSW (NYSE:DSW) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other equities analysts have also recently commented on the stock. B. Riley set a $30.00 price target on shares of DSW and gave the stock a “hold” rating in a research note on Thursday, October 11th. Needham & Company LLC lifted their price target on shares of DSW from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. MKM Partners set a $29.00 price target on shares of DSW and gave the stock a “hold” rating in a research note on Friday, October 12th. Telsey Advisory Group lifted their price target on shares of DSW from $24.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. DSW currently has a consensus rating of “Hold” and an average price target of $29.64.

Shares of DSW stock traded down $0.95 during trading hours on Thursday, reaching $25.41. 2,425,327 shares of the stock were exchanged, compared to its average volume of 1,776,077. DSW has a 12-month low of $18.01 and a 12-month high of $34.63. The stock has a market cap of $2.12 billion, a PE ratio of 16.72, a P/E/G ratio of 1.70 and a beta of 1.12.

A number of institutional investors and hedge funds have recently made changes to their positions in DSW. BlackRock Inc. lifted its holdings in DSW by 9.1% during the 2nd quarter. BlackRock Inc. now owns 9,795,883 shares of the company’s stock valued at $252,930,000 after buying an additional 814,875 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in DSW by 335.4% during the 3rd quarter. Renaissance Technologies LLC now owns 885,230 shares of the company’s stock valued at $29,992,000 after buying an additional 681,900 shares in the last quarter. Marshall Wace LLP bought a new stake in DSW during the 2nd quarter valued at about $16,555,000. Eagle Asset Management Inc. bought a new stake in DSW during the 2nd quarter valued at about $15,087,000. Finally, Deutsche Bank AG lifted its holdings in DSW by 95.1% during the 3rd quarter. Deutsche Bank AG now owns 1,035,557 shares of the company’s stock valued at $35,082,000 after buying an additional 504,828 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

Recommended Story: Book Value Per Share in Stock Trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for DSW (NYSE:DSW)

Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply