Market Runner: What Next for DSW Inc. Stock After Today’s Huge Decline?

Market Runner: What Next for DSW Inc. Stock After Today's Huge Decline?

The stock of DSW Inc. (NYSE:DSW) is a huge mover today! About 1.72 million shares traded hands or 40.98% up from the average. DSW Inc. (NYSE:DSW) has declined 7.70% since April 13, 2016 and is downtrending. It has underperformed by 11.62% the S&P500.
The move comes after 9 months negative chart setup for the $1.99B company. It was reported on Nov, 15 by Barchart.com. We have $21.22 PT which if reached, will make NYSE:DSW worth $159.20 million less.

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 rating was maintained by Telsey Advisory Group on Wednesday, November 25 with “Market Perform”. Jefferies maintained DSW Inc. (NYSE:DSW) rating on Wednesday, August 26. Jefferies has “Buy” rating and $37 price target. The company was maintained on Wednesday, March 16 by Buckingham Research. The stock has “Hold” rating given by Deutsche Bank on Friday, October 30. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, August 31. The rating was initiated by Wells Fargo on Thursday, November 19 with “Underperform”. As per Monday, November 2, the company rating was maintained by Telsey Advisory Group. M Partners downgraded the stock to “Neutral” rating in Wednesday, November 4 report. B. Riley & Co downgraded DSW Inc. (NYSE:DSW) on Monday, September 28 to “Neutral” rating. M Partners maintained DSW Inc. (NYSE:DSW) on Monday, May 23 with “Neutral” rating.

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 Q2 2016. 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.
Lombardia Prns Llc holds 530,902 shares or 0.74% of its portfolio. Credit Suisse Ag has 260,947 shares for 0.01% of their US portfolio. Ubs Asset Mgmt Americas, a Illinois-based fund reported 66,806 shares. Eulav Asset Mngmt reported 22,000 shares or 0.03% of all its holdings. Foundry Partners Limited Liability has 15,325 shares for 0.02% of their US portfolio. Vanguard Gp holds 4.66 million shares or 0.01% of its portfolio. Jpmorgan Chase And Commerce last reported 116,941 shares in the company. Moreover, Schwab Charles Mngmt Inc has 0.01% invested in DSW Inc. (NYSE:DSW) for 380,005 shares. Metropolitan Life Insurance last reported 48,968 shares in the company. Cipher Capital Lp has 21,414 shares for 0.03% of their US portfolio. Paradigm Asset Mngmt Ltd Limited Liability Company holds 0% or 31,400 shares in its portfolio. Peak6 Invs L P accumulated 0.01% or 34,923 shares. Third Avenue Ltd Llc holds 0.2% of its portfolio in DSW Inc. (NYSE:DSW) for 211,534 shares. Blackrock Advsrs Ltd Llc last reported 171,869 shares in the company. Afam Cap Inc accumulated 0.36% or 102,552 shares.

Insider Transactions: Since May 26, 2016, the stock had 1 insider buy, and 2 selling transactions for $997,618 net activity. $250,982 worth of DSW Inc. (NYSE:DSW) was bought by Rawlins Roger. 42,423 shares were sold by Jordan William L, worth $1.06 million. On Thursday, September 1 the insider SONNENBERG HARVEY L sold $188,025.

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: “Apparel Stores Stocks on Investors’ Radar — Chico’s FAS, L Brands, DSW Inc …” on November 11, 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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