Susquehanna Initiates Coverage on DSW to Negative

Susquehanna Initiates Coverage on DSW(NYSE:DSW). The shares have been rated Negative. The rating by Susquehanna was issued on Sep 16, 2016.

In a different note, On Aug 31, 2016, Citigroup said it Maintains its rating on DSW. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, Deutsche Bank said it Maintains its rating on DSW. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 11, 2016, Wells Fargo said it Upgrades its rating on DSW. The shares have been rated ‘Neutral’ by the firm.

DSW (DSW) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.37% at a volume of 18,71,215. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.49. The peak price level was also seen at $21.49 while the days lowest was $21.03. Finally the shares closed at $21.39. The 52-week high of the shares is $30.7 while the 52-week low is $18.5101. According to the latest information available, the market cap of the company is $1,759 M.

DSW(DSW) last announced its earnings results on Aug 30, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $658.94M. Analysts had an estimated revenue of $654.74M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, William L Jordan (EVP, Chief Admin Officer) sold 42,423 shares at $25.00 per share price.Also, 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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