Designer Brands Inc (DSW) Given Consensus Rating of “Hold” by Brokerages

Shares of Designer Brands Inc (NYSE:DSW) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.78.

A number of analysts recently commented on DSW shares. Telsey Advisory Group lowered their price objective on shares of Designer Brands from $30.00 to $26.00 and set a “market perform” rating for the company in a research report on Wednesday, March 20th. Canaccord Genuity set a $28.00 price objective on shares of Designer Brands and gave the company a “hold” rating in a research report on Monday, March 18th. ValuEngine upgraded shares of Designer Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. TheStreet cut Designer Brands from a “b” rating to a “c” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research cut Designer Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, March 11th.

In other Designer Brands news, CEO Roger Rawlins sold 21,463 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.26, for a total transaction of $649,470.38. Following the completion of the transaction, the chief executive officer now owns 66,918 shares in the company, valued at approximately $2,024,938.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Designer Brands by 2.6% during the 4th quarter. BlackRock Inc. now owns 10,023,740 shares of the company’s stock worth $247,584,000 after buying an additional 253,234 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Designer Brands by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 7,039,629 shares of the company’s stock worth $238,504,000 after buying an additional 62,377 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Designer Brands by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,039,629 shares of the company’s stock worth $238,504,000 after buying an additional 62,377 shares during the last quarter. Norges Bank acquired a new position in shares of Designer Brands during the 4th quarter worth about $39,623,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Designer Brands by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,413,094 shares of the company’s stock worth $47,876,000 after buying an additional 10,441 shares during the last quarter. Institutional investors own 84.64% of the company’s stock.

Shares of DSW traded down $0.29 during trading hours on Tuesday, reaching $22.50. The stock had a trading volume of 1,352,982 shares, compared to its average volume of 3,053,663. The company has a quick ratio of 0.67, a current ratio of 2.06 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. The stock has a market cap of $1.81 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.35 and a beta of 1.09.

Designer Brands (NYSE:DSW) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $842.73 million. During the same quarter in the prior year, the company earned $0.38 EPS. Designer Brands’s quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts expect that Designer Brands will post 1.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Friday, March 29th. Designer Brands’s dividend payout ratio (DPR) is presently 60.24%.

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.

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Analyst Recommendations for Designer Brands (NYSE:DSW)

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