DSW (DSW) has risen sharply, recording gains of 9.76% in the past 4 weeks. However, the stock has corrected -1.47% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
DSW (NYSE:DSW): The stock opened at $23.55 on Friday but the bulls could not build on the opening and the stock topped out at $23.74 for the day. The stock traded down to $23.15 during the day, due to lack of any buying support eventually closed down at $23.39 with a loss of -1.22% for the day. The stock had closed at $23.68 on the previous day. The total traded volume was 1,432,733 shares.
The stock has recorded a 20-day Moving Average of 4.99% and the 50-Day Moving Average is 9.09%. DSW Inc. has dropped 6.74% during the last 3-month period . Year-to-Date the stock performance stands at -0.28%.
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.