DSW (DSW) is Initiated by Susquehanna to Negative

DSW (DSW) was Initiated by Susquehanna to “Negative”. Susquehanna advised their investors in a research report released on Sep 16, 2016.

Many Wall Street Analysts have commented on DSW. Shares were Reiterated by Telsey Advisory Group on Aug 31, 2016 to “Market Perform” and Lowered the Price Target to $ 25 from a previous price target of $27 .Company shares were Reiterated by Canaccord Genuity on Aug 29, 2016 to “Hold”, Firm has raised the Price Target to $ 23 from a previous price target of $19 .Company shares were Reiterated by Telsey Advisory Group on Aug 25, 2016 to “Market Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .

On the company’s financial health, DSW reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.30. The company had revenue of $659.00 million for the quarter, compared to analysts expectations of $658.95 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

DSW opened for trading at $23.64 and hit $23.71 on the upside on Wednesday, eventually ending the session at $23.53, with a gain of 0.26% or 0.06 points. The heightened volatility saw the trading volume jump to 1,754,502 shares. Company has a market cap of $1,935 M.

In a different news, on Sep 9, 2016, William L Jordan (EVP, Chief Admin Officer) sold 42,423 shares at $25.00 per share price. According to the SEC, on Sep 6, 2016, Harvey L Sonnenberg (director) sold 8,000 shares at $23.62 per share price. On May 27, 2016, Roger Rawlins (CEO) purchased 12,249 shares at $20.49 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.


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DSW - Is it time to Sell?

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