Equities research analysts at MKM Partners decreased their price target on shares of DSW (NYSE: DSW) from $75.00 to $71.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna cut their price target on shares of DSW from $78.00 to $73.00 in a research note to investors on Wednesday. Separately, analysts at Sterne Agee initiated coverage on shares of DSW in a research note to investors on Thursday, February 7th. They set a “buy” rating and a $75.00 price target on the stock. Finally, analysts at Zacks downgraded shares of DSW from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, February 4th. They now have a $71.90 price target on the stock.
Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $70.89.
DSW (NYSE: DSW) last released its earnings data on Tuesday, March 19th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $594.30 million for the quarter, compared to the consensus estimate of $602.27 million. During the same quarter last year, the company posted $0.51 earnings per share. DSW’s revenue was up 15.6% compared to the same quarter last year. DSW has set its FY14 guidance at $3.30-3.40 EPS. On average, analysts predict that DSW will post $3.88 earnings per share for the current fiscal year.
DSW Inc. (NYSE: DSW) is a branded footwear specialty retailer. As of January 30, 2010, the Company operated 305 shoe stores in 39 states in the United States.
