Designer Brands (NYSE:DSW) Stock Rating Lowered by TheStreet

Designer Brands (NYSE:DSW) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Wednesday, March 20th, TheStreetRatingsTable reports.

Several other equities analysts have also recently issued reports on the company. ValuEngine cut Designer Brands from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Zacks Investment Research lowered Designer Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 11th. Canaccord Genuity lifted their price target on Designer Brands from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target (down from $34.00) on shares of Designer Brands in a research report on Wednesday, December 12th. Finally, B. Riley lifted their price target on Designer Brands from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, December 12th. Thirteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Designer Brands has a consensus rating of “Hold” and an average price target of $28.73.

Shares of NYSE DSW traded up $0.41 during trading hours on Wednesday, reaching $23.07. 1,664,150 shares of the stock traded hands, compared to its average volume of 3,053,663. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.35 and a beta of 1.09. The company has a current ratio of 2.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. Designer Brands has a 52-week low of $20.21 and a 52-week high of $34.63.

Designer Brands (NYSE:DSW) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.11). The company had revenue of $843.40 million during the quarter, compared to analysts’ expectations of $842.73 million. Designer Brands had a positive return on equity of 14.76% and a negative net margin of 0.64%. Designer Brands’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, analysts forecast that Designer Brands will post 1.86 EPS for the current fiscal year.

In other news, CEO Roger Rawlins sold 21,463 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $30.26, for a total value of $649,470.38. Following the completion of the transaction, the chief executive officer now owns 66,918 shares in the company, valued at $2,024,938.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.70% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund purchased a new stake in Designer Brands in the fourth quarter worth about $26,000. Advisors Preferred LLC purchased a new stake in Designer Brands in the fourth quarter worth about $31,000. Strs Ohio increased its position in Designer Brands by 180.0% in the fourth quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $34,000 after buying an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Designer Brands by 19.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,540 shares of the company’s stock worth $112,000 after buying an additional 746 shares in the last quarter. Finally, Cerebellum GP LLC increased its position in Designer Brands by 19.4% in the fourth quarter. Cerebellum GP LLC now owns 6,570 shares of the company’s stock worth $162,000 after buying an additional 1,068 shares in the last quarter. Institutional investors own 84.64% of the company’s stock.

About Designer Brands

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.

Featured Story: What type of investment options does a Roth IRA provide?

Analyst Recommendations for Designer Brands (NYSE:DSW)

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