B. Riley Boosts DSW (DSW) Price Target to $30.00

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DSW (NYSE:DSW) had its price objective increased by B. Riley from $29.00 to $30.00 in a research report sent to investors on Wednesday morning. B. Riley currently has a hold rating on the stock. B. Riley also issued estimates for DSW’s Q4 2019 earnings at $0.13 EPS, FY2019 earnings at $1.86 EPS, Q1 2020 earnings at $0.47 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.83 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $2.30 EPS.

Several other research analysts have also recently weighed in on DSW. Zacks Investment Research raised DSW from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Tuesday, August 14th. UBS Group cut DSW to a neutral rating in a research note on Friday, August 17th. Susquehanna Bancshares cut DSW from a neutral rating to a negative rating and decreased their target price for the company from $26.00 to $22.00 in a research note on Friday, August 17th. Canaccord Genuity reaffirmed a hold rating and set a $22.00 target price on shares of DSW in a research note on Friday, August 17th. Finally, ValuEngine raised DSW from a hold rating to a buy rating in a research note on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $29.09.

Shares of DSW stock opened at $23.32 on Wednesday. DSW has a fifty-two week low of $18.01 and a fifty-two week high of $34.63. The stock has a market cap of $1.87 billion, a P/E ratio of 15.34, a PEG ratio of 1.45 and a beta of 1.12.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, December 11th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.17. DSW had a return on equity of 18.11% and a net margin of 1.21%. The business had revenue of $833.00 million during the quarter, compared to analysts’ expectations of $791.23 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts forecast that DSW will post 1.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Friday, December 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, December 20th. DSW’s dividend payout ratio is 65.79%.

In other news, Director Harvey L. Sonnenberg sold 5,540 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $25.50, for a total transaction of $141,270.00. Following the completion of the sale, the director now directly owns 12,335 shares of the company’s stock, valued at $314,542.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 16.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc lifted its holdings in shares of DSW by 0.9% during the third quarter. Vanguard Group Inc now owns 7,039,629 shares of the company’s stock valued at $238,504,000 after purchasing an additional 62,377 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of DSW by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,039,629 shares of the company’s stock valued at $238,504,000 after purchasing an additional 62,377 shares during the last quarter. Morgan Stanley lifted its holdings in shares of DSW by 190.9% during the third quarter. Morgan Stanley now owns 584,393 shares of the company’s stock valued at $19,799,000 after purchasing an additional 383,488 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of DSW by 6.1% during the third quarter. Legal & General Group Plc now owns 206,883 shares of the company’s stock valued at $7,021,000 after purchasing an additional 11,882 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of DSW by 37.8% during the third quarter. TIAA CREF Investment Management LLC now owns 211,761 shares of the company’s stock valued at $7,174,000 after purchasing an additional 58,106 shares during the last quarter. 88.35% 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.

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Analyst Recommendations for DSW (NYSE:DSW)

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