DSW (DSW) Receives New Coverage from Analysts at Needham & Company LLC

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Needham & Company LLC began coverage on shares of DSW (NYSE:DSW) in a report released on Thursday, June 21st, MarketBeat.com reports. The brokerage issued a buy rating and a $29.00 price target on the stock.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered DSW from a buy rating to a hold rating in a research note on Friday, March 9th. Deutsche Bank upped their price objective on DSW from $21.00 to $24.00 and gave the stock a buy rating in a research note on Monday, March 19th. Standpoint Research lowered DSW from a buy rating to a hold rating in a research note on Monday, May 21st. TheStreet upgraded DSW from a c+ rating to a b rating in a research note on Tuesday, April 10th. Finally, B. Riley set a $22.00 price target on DSW and gave the stock a neutral rating in a research note on Wednesday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. DSW presently has an average rating of Hold and a consensus target price of $23.10.

DSW opened at $26.11 on Thursday. The company has a market capitalization of $2.08 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. DSW has a 1-year low of $15.14 and a 1-year high of $26.59.

DSW (NYSE:DSW) last posted its quarterly earnings data on Wednesday, May 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $712.10 million during the quarter, compared to analyst estimates of $683.83 million. DSW had a return on equity of 13.42% and a net margin of 2.43%. DSW’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. sell-side analysts anticipate that DSW will post 1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 21st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%. DSW’s payout ratio is presently 65.79%.

In other DSW news, CFO Jared A. Poff sold 1,960 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now owns 11,785 shares in the company, valued at approximately $300,163.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its holdings in shares of DSW by 0.5% during the 1st quarter. Prudential Financial Inc. now owns 498,746 shares of the company’s stock valued at $11,202,000 after purchasing an additional 2,310 shares during the last quarter. Csenge Advisory Group boosted its holdings in shares of DSW by 19.8% during the 1st quarter. Csenge Advisory Group now owns 18,268 shares of the company’s stock valued at $410,000 after purchasing an additional 3,020 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of DSW by 7.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 48,672 shares of the company’s stock valued at $1,093,000 after purchasing an additional 3,552 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of DSW by 3.2% during the 1st quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock valued at $2,698,000 after purchasing an additional 3,767 shares during the last quarter. Finally, Hancock Holding Co. boosted its holdings in shares of DSW by 11.4% during the 1st quarter. Hancock Holding Co. now owns 37,000 shares of the company’s stock valued at $831,000 after purchasing an additional 3,800 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

DSW Company Profile

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.

Analyst Recommendations for DSW (NYSE:DSW)

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