Designer Brands Inc (DSW) Given Average Rating of “Hold” by Analysts

Designer Brands Inc (NYSE:DSW) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.78.

Several brokerages recently issued reports on DSW. ValuEngine upgraded Designer Brands from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered Designer Brands from a “b” rating to a “c” rating in a research note on Wednesday, March 20th. Telsey Advisory Group decreased their price objective on Designer Brands from $30.00 to $26.00 and set a “market perform” rating on the stock in a report on Wednesday, March 20th. Canaccord Genuity set a $28.00 price objective on Designer Brands and gave the company a “hold” rating in a report on Monday, March 18th. Finally, Zacks Investment Research downgraded Designer Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, March 11th.

DSW traded down $0.77 on Friday, hitting $22.22. 2,220,000 shares of the stock traded hands, compared to its average volume of 1,691,046. Designer Brands has a 52 week low of $20.21 and a 52 week high of $34.63. The company has a quick ratio of 0.67, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.36 and a beta of 1.13.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, March 29th. Designer Brands’s payout ratio is 60.24%.

In other Designer Brands news, CEO Roger Rawlins sold 21,463 shares of Designer Brands stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $30.26, for a total transaction of $649,470.38. Following the sale, the chief executive officer now directly owns 66,918 shares of the company’s stock, 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 currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new stake in Designer Brands during the fourth quarter valued at approximately $31,000. Strs Ohio boosted its holdings in shares of Designer Brands by 180.0% in the 4th quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $34,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Designer Brands by 19.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,540 shares of the company’s stock worth $112,000 after acquiring an additional 746 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Designer Brands in the 3rd quarter worth approximately $204,000. Finally, Ibex Investors LLC acquired a new position in shares of Designer Brands in the 3rd quarter worth approximately $219,000. 84.64% of the stock is currently owned by institutional investors.

Designer Brands 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.

Featured Article: What are the FAANG Stocks?

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.