Telsey Advisory Group Released “Market Perform” Rating on DSW (DSW)

DSW (DSW) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $24 . Telsey Advisory Group advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Shares were Reiterated by Telsey Advisory Group on Mar 15, 2017 to “Market Perform” and Lowered the Price Target to $ 23 from a previous price target of $24 .DSW was Downgraded by SunTrust to ” Hold” on Jan 3, 2017. DSW was Upgraded by Standpoint Research to ” Buy” on Jan 3, 2017.

Several company insiders have filed Insider transactions , on Nov 28, 2016, Deborah L Ferree (V Chairman & Chief Mdsing Off.) sold 114,854 shares at $24.88 per share price. According to the SEC, on Sep 9, 2016, William L Jordan (EVP, Chief Admin Officer) sold 42,423 shares at $25.00 per share price. On Sep 6, 2016, Harvey L Sonnenberg (director) sold 8,000 shares at $23.62 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, DSW reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 14, 2017. Analyst had a consensus of $0.16. The company had revenue of $674.60 million for the quarter, compared to analysts expectations of $690.99 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

DSW opened for trading at $19.67 and hit $20.36 on the upside on Wednesday, eventually ending the session at $20.25, with a gain of 2.22% or 0.44 points. The heightened volatility saw the trading volume jump to 45,18,003 shares. Company has a market cap of $1,621 M.

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 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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