DSW (DSW) Given a $29.00 Price Target at MKM Partners

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MKM Partners set a $29.00 price target on DSW (NYSE:DSW) in a report published on Friday, The Fly reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also commented on DSW. Needham & Company LLC started coverage on shares of DSW in a research note on Thursday, June 21st. They issued a buy rating and a $29.00 price target on the stock. Zacks Investment Research upgraded shares of DSW from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Tuesday, July 31st. Wedbush raised their price target on shares of DSW from $21.00 to $24.00 and gave the company a neutral rating in a research note on Monday, August 13th. UBS Group lowered shares of DSW to a neutral rating in a research note on Friday, August 17th. Finally, Susquehanna Bancshares lowered shares of DSW from a neutral rating to a negative rating and dropped their price target for the company from $26.00 to $22.00 in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $28.38.

Shares of NYSE:DSW traded up $0.40 during trading hours on Friday, hitting $27.95. The stock had a trading volume of 2,520,252 shares, compared to its average volume of 1,827,845. DSW has a 1-year low of $17.75 and a 1-year high of $34.63. The firm has a market capitalization of $2.72 billion, a P/E ratio of 18.39, a PEG ratio of 2.16 and a beta of 0.88.

DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company had revenue of $793.70 million for the quarter, compared to analyst estimates of $689.41 million. During the same quarter last year, the business earned $0.38 earnings per share. DSW’s revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that DSW will post 1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Friday, September 21st. DSW’s dividend payout ratio (DPR) is presently 65.79%.

Institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of DSW by 392.7% in the second quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after acquiring an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of DSW by 1,340.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock valued at $112,000 after acquiring an additional 3,995 shares in the last quarter. Amica Retiree Medical Trust bought a new position in shares of DSW in the second quarter valued at approximately $119,000. SG Americas Securities LLC bought a new position in shares of DSW in the first quarter valued at approximately $125,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of DSW in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 89.14% 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.

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