Somewhat Favorable Media Coverage Somewhat Unlikely to Impact DSW (DSW) Stock Price

Media coverage about DSW (NYSE:DSW) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DSW earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.3011382681982 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

DSW stock opened at $27.68 on Friday. DSW has a 12 month low of $15.14 and a 12 month high of $28.34. The firm has a market cap of $2.21 billion, a PE ratio of 17.25, a P/E/G ratio of 2.45 and a beta of 0.63.

DSW (NYSE:DSW) last posted its quarterly earnings results on Wednesday, May 30th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $712.10 million for the quarter, compared to analysts’ expectations of $683.83 million. DSW had a net margin of 2.43% and a return on equity of 13.42%. DSW’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. sell-side analysts predict that DSW will post 1.61 earnings per share for the current year.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of DSW from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Canaccord Genuity set a $22.00 target price on shares of DSW and gave the company a “hold” rating in a research note on Tuesday, May 29th. B. Riley set a $22.00 target price on shares of DSW and gave the company a “hold” rating in a research note on Tuesday, May 22nd. Needham & Company LLC initiated coverage on shares of DSW in a report on Thursday, June 21st. They set a “buy” rating and a $29.00 price target on the stock. Finally, Susquehanna Bancshares restated a “neutral” rating on shares of DSW in a report on Thursday, May 31st. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.30.

In related news, CFO Jared A. Poff sold 1,960 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now directly owns 11,785 shares in the company, valued at $300,163.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.70% of the company’s stock.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

Read More: Dividend Stocks – Are They Right For You?

Insider Buying and Selling by Quarter for DSW (NYSE:DSW)

Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply