DSW (DSW) Given a $30.00 Price Target by B. Riley Analysts

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DSW (NYSE:DSW) has been assigned a $30.00 target price by stock analysts at B. Riley in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. B. Riley’s price objective suggests a potential upside of 7.33% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC cut their price objective on DSW from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research report on Thursday. MKM Partners raised their price objective on DSW to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Citigroup raised their price objective on DSW from $25.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Finally, Deutsche Bank raised their price objective on DSW from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.38.

DSW opened at $27.95 on Thursday. The company has a market cap of $2.72 billion, a PE ratio of 18.39, a PEG ratio of 2.16 and a beta of 0.88. DSW has a 1 year low of $17.75 and a 1 year high of $34.63.

DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $793.70 million for the quarter, compared to analysts’ expectations of $689.41 million. DSW had a return on equity of 15.75% and a net margin of 0.06%. DSW’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. On average, analysts predict that DSW will post 1.74 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its position in DSW by 392.7% during the 2nd quarter. US Bancorp DE now owns 3,927 shares of the company’s stock worth $102,000 after acquiring an additional 3,130 shares during the last quarter. Envestnet Asset Management Inc. grew its position in DSW by 1,340.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock worth $112,000 after acquiring an additional 3,995 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in DSW during the 2nd quarter worth $119,000. SG Americas Securities LLC bought a new stake in DSW during the 1st quarter worth $125,000. Finally, Itau Unibanco Holding S.A. bought a new stake in DSW during the 2nd quarter worth $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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Analyst Recommendations for DSW (NYSE:DSW)

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