The stock of DSW Inc. (NYSE:DSW) is a huge mover today! About 4.25M shares traded hands or 214.81% up from the average. DSW Inc. (NYSE:DSW) has declined 9.71% since April 20, 2016 and is downtrending. It has underperformed by 14.26% the S&P500.
The move comes after 9 months positive chart setup for the $2.08 billion company. It was reported on Nov, 22 by Barchart.com. We have $26.08 PT which if reached, will make NYSE:DSW worth $83.20M more.
DSW Inc. (NYSE:DSW) Ratings Coverage
Out of 18 analysts covering DSW Inc (NYSE:DSW), 6 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 33% are positive. DSW Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of DSW Inc. (NYSE:DSW) has “Neutral” rating given on Monday, May 23 by M Partners. On Wednesday, August 26 the stock rating was maintained by Telsey Advisory Group with “Outperform”. On Monday, July 11 the stock rating was upgraded by Wells Fargo to “Neutral”. The firm has “Neutral” rating given on Monday, September 28 by B. Riley & Co. The stock has “Buy” rating given by Buckingham Research on Wednesday, November 4. The firm earned “Market Perform” rating on Wednesday, August 31 by Telsey Advisory Group. The stock of DSW Inc. (NYSE:DSW) earned “Hold” rating by Deutsche Bank on Friday, October 30. Canaccord Genuity downgraded the stock to “Hold” rating in Monday, October 26 report. Standpoint Research initiated the stock with “Buy” rating in Friday, November 4 report. On Wednesday, March 16 the stock rating was downgraded by Johnson Rice to “Accumulate”.
According to Zacks Investment Research, “DSW is a specialty branded footwear retailer operating DSW stores and also supplies, under supply arrangements, to related retailers and to other non-related retailers in the United States.”
Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.19, from 1.11 in 2016Q1. The ratio improved, as 52 funds sold all DSW Inc. shares owned while 50 reduced positions. 24 funds bought stakes while 89 increased positions. They now own 71.87 million shares or 0.45% less from 72.19 million shares in 2016Q1.
Aperio Ltd Liability has invested 0.01% of its portfolio in DSW Inc. (NYSE:DSW). Voya Management Ltd Liability Corporation owns 25,127 shares or 0% of their US portfolio. Moreover, Paradigm Asset Mngmt has 0% invested in DSW Inc. (NYSE:DSW) for 31,400 shares. Pointstate Cap Limited Partnership last reported 98,800 shares in the company. Smith Graham & Co Invest Advsr L P has invested 0.51% of its portfolio in DSW Inc. (NYSE:DSW). The Ontario – Canada-based State Bank Of Montreal Can has invested 0% in DSW Inc. (NYSE:DSW). Signaturefd Ltd Liability Com reported 75 shares or 0% of all its holdings. The Germany-based Deutsche National Bank & Trust Ag has invested 0.02% in DSW Inc. (NYSE:DSW). State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 77,703 shares. Spot Trading Limited Liability Company has invested 0.01% of its portfolio in DSW Inc. (NYSE:DSW). California Public Employees Retirement, a California-based fund reported 182,200 shares. The New York-based Goldman Sachs Gru Incorporated has invested 0.01% in DSW Inc. (NYSE:DSW). Rhumbline Advisers holds 0.01% of its portfolio in DSW Inc. (NYSE:DSW) for 83,148 shares. Wells Fargo And Communications Mn accumulated 1.84 million shares or 0.02% of the stock. Cubist Systematic Strategies Limited Company, a Connecticut-based fund reported 147,788 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 2 sales for $1.25 million net activity. 42,423 DSW Inc. (NYSE:DSW) shares with value of $1.06M were sold by Jordan William L. Shares for $188,025 were sold by SONNENBERG HARVEY L on Thursday, September 1. Shares for $250,982 were bought by Rawlins Roger.
More important recent DSW Inc. (NYSE:DSW) news were published by: Fool.com which released: “Why DSW, Inc. Stock Popped Today” on November 22, 2016, also Prnewswire.com published article titled: “DSW Inc. Names Jared Poff as Chief Financial Officer”, Streetinsider.com published: “DSW, Inc. (DSW) Declares $0.20 Quarterly Dividend; 3.5% Yield” on November 22, 2016. More interesting news about DSW Inc. (NYSE:DSW) was released by: Prnewswire.com and their article: “DSW Inc. Announces Third Quarter 2016 Earnings Release Date” with publication date: November 08, 2016.
DSW Company Profile
DSW Inc., incorporated on January 20, 1969, is a footwear retailer. The Firm offers assortment of shoes, handbags and accessories for women, men and children. The Firm operates through two divisions: the DSW segment (DSW) and the Affiliated Business Group (ABG) segment. It operates approximately 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie’s store. The Company’s DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.
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