Susquehanna Bancshares Inc upgraded shares of DSW Inc. (NYSE:DSW) from a negative rating to a neutral rating in a research note released on Wednesday, May 24th, Marketbeat reports. Susquehanna Bancshares Inc currently has $16.00 price objective on the stock, down from their previous price objective of $17.00.
DSW has been the topic of a number of other reports. Mizuho restated a neutral rating and set a $21.00 price target on shares of DSW in a research note on Wednesday, March 15th. Telsey Advisory Group reduced their price objective on DSW from $22.00 to $19.00 and set a market perform rating on the stock in a research note on Wednesday, May 24th. Cleveland Research cut DSW from a neutral rating to an underperform rating in a research note on Monday, February 27th. Zacks Investment Research upgraded DSW from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Wednesday, March 8th. Finally, Canaccord Genuity set a $19.00 price target on DSW and gave the company a buy rating in a research note on Saturday, February 25th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $21.73.
DSW (NYSE:DSW) traded down 0.80% during trading on Wednesday, reaching $17.38. The company’s stock had a trading volume of 1,464,047 shares. The firm has a market capitalization of $1.40 billion, a P/E ratio of 12.06 and a beta of 0.77. DSW has a one year low of $15.98 and a one year high of $26.22. The stock has a 50-day moving average of $18.30 and a 200 day moving average of $20.62.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $691.10 million during the quarter, compared to analysts’ expectations of $684.34 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, equities research analysts predict that DSW will post $1.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, June 13th. DSW’s dividend payout ratio is presently 55.94%.
A number of hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC purchased a new stake in shares of DSW during the first quarter valued at approximately $100,000. Ameritas Investment Partners Inc. purchased a new stake in shares of DSW during the first quarter valued at approximately $120,000. State of Tennessee Treasury Department purchased a new stake in shares of DSW during the first quarter valued at approximately $143,000. State of Alaska Department of Revenue purchased a new stake in shares of DSW during the first quarter valued at approximately $154,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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