Price Action Report: Is DSW Inc. a Buy? The Stock Rises Again

Price Action Report: Is DSW Inc. a Buy? The Stock Rises Again

The stock of DSW Inc. (NYSE:DSW) is a huge mover today! About 767,760 shares traded hands. DSW Inc. (NYSE:DSW) has declined 17.02% since April 8, 2016 and is downtrending. It has underperformed by 22.67% the S&P500.
The move comes after 6 months positive chart setup for the $1.94 billion company. It was reported on Nov, 10 by Barchart.com. We have $28.41 PT which if reached, will make NYSE:DSW worth $465.60 million more.

DSW Inc. (NYSE:DSW) Ratings Coverage

Out of 18 analysts covering DSW Inc (NYSE:DSW), 6 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 33% are positive. DSW Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, August 25. On Wednesday, November 4 the stock rating was downgraded by Susquehanna to “Neutral”. The stock has “Buy” rating given by Jefferies on Wednesday, August 26. The firm earned “Market Perform” rating on Wednesday, November 25 by Telsey Advisory Group. The rating was maintained by Deutsche Bank on Friday, July 15 with “Hold”. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, August 26. The firm has “Neutral” rating given on Tuesday, October 27 by Sterne Agee CRT. On Wednesday, March 16 the stock rating was maintained by Citigroup with “Neutral”. The stock of DSW Inc. (NYSE:DSW) earned “Buy” rating by Buckingham Research on Wednesday, November 4. The stock of DSW Inc. (NYSE:DSW) earned “Hold” rating by Canaccord Genuity on Monday, October 26.

According to Zacks Investment Research, “DSW is a specialty branded footwear retailer operating DSW stores and also supplies, under supply arrangements, to related retailers and to other non-related retailers in the United States.”

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.37, from 0.74 in 2016Q1. The ratio is positive, as 52 funds sold all DSW Inc. shares owned while 50 reduced positions. 24 funds bought stakes while 89 increased positions. They now own 71.87 million shares or 0.45% less from 72.19 million shares in 2016Q1.
Frontier Cap Management Limited Liability owns 1.36M shares or 0.24% of their US portfolio. Weiss Multi accumulated 0.15% or 88,925 shares. Penn Mgmt accumulated 70,136 shares or 0.08% of the stock. Hightower Advsr Limited Company owns 29,905 shares or 0.01% of their US portfolio. Commercial Bank Of America De last reported 0% of its portfolio in the stock. Moreover, Eagle Boston Investment Mgmt has 0.69% invested in DSW Inc. (NYSE:DSW) for 240,575 shares. Paradigm Asset Ltd Limited Liability Company owns 31,400 shares or 0% of their US portfolio. Pekin Singer Strauss Asset Mngmt Il reported 597,614 shares or 2.78% of all its holdings. Kennedy Cap has invested 0.04% of its portfolio in DSW Inc. (NYSE:DSW). Horizon Kinetics Limited Liability reported 20,551 shares or 0.01% of all its holdings. Citigroup holds 0.02% or 753,222 shares in its portfolio. Cipher Capital Lp last reported 21,414 shares in the company. Employees Retirement Association Of Colorado, a Colorado-based fund reported 16,643 shares. Teacher Retirement Sys Of Texas holds 10,468 shares or 0% of its portfolio. Blackrock Group Incorporated Ltd accumulated 0% or 76,834 shares.

Insider Transactions: Since May 26, 2016, the stock had 1 buy, and 2 insider sales for $997,618 net activity. Jordan William L also sold $1.06M worth of DSW Inc. (NYSE:DSW) on Wednesday, September 7. On Thursday, September 1 the insider SONNENBERG HARVEY L sold $188,025. 12,249 shares with value of $250,982 were bought by Rawlins Roger on Thursday, May 26.

More recent DSW Inc. (NYSE:DSW) news were published by: Prnewswire.com which released: “DSW Inc. Announces Third Quarter 2016 Earnings Release Date” on November 08, 2016. Also Prnewswire.com published the news titled: “DSW Announces New Store in Pittsburgh, PA” on October 14, 2016. Prnewswire.com‘s news article titled: “DSW Announces New Store in Stamford, CT” with publication date: October 27, 2016 was also an interesting one.

DSW Company Profile

DSW Inc., incorporated on January 20, 1969, is a footwear retailer. The Firm offers assortment of shoes, handbags and accessories for women, men and children. The Firm operates through two divisions: the DSW segment (DSW) and the Affiliated Business Group (ABG) segment. It operates approximately 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie’s store. The Company’s DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.

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