B. Riley Analysts Give DSW (DSW) a $22.00 Price Target

Thursday, June 7 2018

B. Riley Analysts Give DSW (DSW) a $22.00 Price Target

B. Riley Analysts Give DSW (DSW) a $22.00 Price Target Posted by Alanna Baker | Jun 7th, 2018
DSW (NYSE:DSW) received a $22.00 price objective from analysts at B. Riley in a research note issued to investors on Tuesday, May 22nd. The firm currently has a “hold” rating on the stock. B. Riley’s price objective would suggest a potential downside of 11.22% from the stock’s previous close.
Several other research analysts have also recently weighed in on DSW. TheStreet upgraded DSW from a “c+” rating to a “b” rating in a report on Tuesday, April 10th. Deutsche Bank lifted their price target on shares of DSW from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 19th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, February 27th. Standpoint Research lowered shares of DSW from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $22.00 target price (up previously from $20.00) on shares of DSW in a research report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. DSW has an average rating of “Hold” and a consensus target price of $22.44. Get DSW alerts:
Shares of DSW stock opened at $24.78 on Tuesday. DSW has a twelve month low of $15.14 and a twelve month high of $26.45. The stock has a market capitalization of $1.95 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62.
DSW (NYSE:DSW) last announced its quarterly earnings results on Wednesday, May 30th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. DSW had a return on equity of 13.42% and a net margin of 2.43%. The firm had revenue of $712.10 million during the quarter, compared to analyst estimates of $683.83 million. During the same quarter in the previous year, the business earned $0.32 EPS. DSW’s revenue for the quarter was up 2.9% compared to the same quarter last year. research analysts forecast that DSW will post 1.61 earnings per share for the current year.
In related news, EVP William L. Jordan sold 34,412 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the transaction, the executive vice president now owns 88,705 shares in the company, valued at $1,993,201.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Insiders own 16.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC acquired a new stake in shares of DSW during the fourth quarter worth about $114,000. SG Americas Securities LLC purchased a new position in DSW during the first quarter worth about $125,000. Cerebellum GP LLC purchased a new position in DSW during the fourth quarter worth about $129,000. Advisors Preferred LLC purchased a new position in DSW during the first quarter worth about $139,000. Finally, Advisor Group Inc. raised its holdings in DSW by 240.4% during the fourth quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock worth $176,000 after purchasing an additional 5,794 shares in the last quarter. Institutional investors own 94.24% of the company’s stock.
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. Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter . «