DSW (DSW) : The consensus on DSW (DSW) based on 13 analyst recommendation on the company stock is 2.48, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
DSW (DSW) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $16. The average forecast of all the analysts is $23.3 and the expected standard deviation is $3.59.
Company shares have received an average consensus rating of Hold for the current week DSW (NYSE:DSW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.55 and $23.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.77, notching a gain of 3.66% for the day. The total traded volume was 1,327,001 . The stock had closed at $22.93 on the previous day.
In a related news, Rawlins Roger, CEO of Dsw Inc. had purchased 12,249 shares on May 26, 2016 in a transaction. The price per share was $20.49 and the total amount of the disclosed transaction was $250,982.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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: womens footwear; mens 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 21,500 square feet and carry approximately 22,000 pairs of shoes. The Company also offers DSW Rewards, through which members earn points towards certificates every time they purchase.