28 Aug DSW Given New $34.00 Price Target at Telsey Advisory Group (DSW)
Telsey Advisory Group raised their target price on shares of DSW (NYSE:DSW) from $30.00 to $34.00 in a research note issued on Wednesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 9.71% from the stock’s previous close.
DSW has been the subject of a number of other recent research reports. Analysts at Sterne Agee reiterated an “underperform” rating on shares of DSW in a research note on Tuesday. Separately, analysts at MKM Partners raised their price target on shares of DSW from $32.00 to $36.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of DSW in a research note on Friday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.33.
Shares of DSW (NYSE:DSW) opened at 30.99 on Wednesday. DSW has a 1-year low of $23.45 and a 1-year high of $47.55. The stock has a 50-day moving average of $27.49 and a 200-day moving average of $32.08. The company has a market cap of $3.049 billion and a price-to-earnings ratio of 18.34. DSW also saw unusually large options trading activity on Monday. Traders acquired 4,344 call options on the company. This represents an increase of 550% compared to the average daily volume of 668 call options.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $563.66 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that DSW will post $1.55 EPS for the current fiscal year.
DSW Inc (NYSE:DSW) is a United States branded footwear and accessories specialty retailer operating 326 shoe stores in 40 states as of January 28, 2012, and dsw.
Stay on top of analysts’ coverage with American Banking & Market News’ daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day.Click here to register.