DSW (DSW) was Reiterated by Canaccord Genuity to “Hold” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $25 . Canaccord Genuity advised their investors in a research report released on May 19, 2016.
Many Wall Street Analysts have commented on DSW. Shares were Reiterated by Deutsche Bank on Apr 18, 2016 to “Hold” and Lowered the Price Target to $ 26 from a previous price target of $27 .DSW was Downgraded by Johnson Rice to ” Accumulate” on Mar 16, 2016. Company shares were Reiterated by MKM Partners on Mar 16, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .
On the company’s financial health, DSW reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $0.07. The company had revenue of $672.00 million for the quarter, compared to analysts expectations of $645.25 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
DSW closed down -0.19 points or -0.86% at $21.93 with 18,02,404 shares getting traded on Monday. Post opening the session at $22, the shares hit an intraday low of $21.791 and an intraday high of $22.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 15, 2016, Mary E Meixelsperger (Senior Vice President, CFO) purchased 118 shares at $33.27 per share price. According to the SEC, on Dec 3, 2015, Joseph A. Schottenstein (director) purchased 500,000 shares at $22.93 per share price. On Dec 3, 2015, Jay L Schottenstein (Executive Chairman) purchased 500,000 shares at $22.93 per share price, according to the Form-4 filing with the securities and exchange commission.
DSW Inc. is a footwear and accessories retailer. The Company offers assortment of shoes handbags and accessories for women and men. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. Its DSW segment includes DSW stores and dsw.com. The Company separates DSW merchandise into four primary categories: women’s footwear; men’s footwear; athletic footwear; and accessories and other. The ABG segment partners with four other retailers to help build and optimize their footwear businesses. As of January 31 2015 the Company operated 431 DSW stores in 42 states the District of Columbia and Puerto Rico. DSW stores average approximately 21500 square feet and carry approximately 22000 pairs of shoes. The Company also offers DSW Rewards through which members earn points towards certificates every time they purchase.