Stock Traders Purchase High Volume of DSW Call Options (DSW)

DSW Inc. (NYSE:DSW) was the recipient of unusually large options trading on Tuesday. Stock investors bought 21,815 call options on the stock. This is an increase of 6,825% compared to the typical volume of 315 call options.

Several brokerages recently commented on DSW. B. Riley set a $22.00 target price on DSW and gave the stock a “hold” rating in a research report on Wednesday. Canaccord Genuity set a $20.00 target price on DSW and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, February 2nd. Susquehanna Bancshares raised DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price for the company in a research report on Thursday, November 16th. Finally, Buckingham Research raised their target price on DSW from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.00.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. lifted its holdings in shares of DSW by 7.0% during the third quarter. American International Group Inc. now owns 52,875 shares of the company’s stock valued at $1,136,000 after acquiring an additional 3,443 shares during the period. FDx Advisors Inc. lifted its holdings in shares of DSW by 18.2% during the fourth quarter. FDx Advisors Inc. now owns 28,320 shares of the company’s stock valued at $606,000 after acquiring an additional 4,366 shares during the period. Eagle Boston Investment Management Inc. lifted its holdings in shares of DSW by 1.7% during the third quarter. Eagle Boston Investment Management Inc. now owns 261,775 shares of the company’s stock valued at $5,698,000 after acquiring an additional 4,372 shares during the period. First Trust Advisors LP lifted its holdings in shares of DSW by 2.7% during the fourth quarter. First Trust Advisors LP now owns 168,130 shares of the company’s stock valued at $3,600,000 after acquiring an additional 4,469 shares during the period. Finally, Sit Investment Associates Inc. acquired a new stake in shares of DSW in the fourth quarter valued at $100,000. 97.04% of the stock is owned by institutional investors.

DSW (NYSE DSW) opened at $21.70 on Wednesday. The stock has a market capitalization of $1,567.94, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74. DSW has a twelve month low of $15.14 and a twelve month high of $22.72.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.11. The company had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $728.46 million. DSW had a return on equity of 11.43% and a net margin of 3.13%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. equities analysts anticipate that DSW will post 1.41 EPS for the current fiscal year.

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DSW Company Profile

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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