In today’s session DSW Inc. (DSW) registered an unusually high (821) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DSW increase. With 821 contracts traded and 3024 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DSW161216C00025000 closed last at: $0.55 or 8.3% down. About 630,141 shares traded hands. DSW Inc. (NYSE:DSW) has declined 1.54% since April 21, 2016 and is downtrending. It has underperformed by 6.87% the S&P500.
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. $38 is the highest target while $19 is the lowest. The $25.48 average target is 2.66% above today’s ($24.82) stock price. DSW Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock to “Hold” rating in Monday, October 26 report. The stock of DSW Inc. (NYSE:DSW) earned “Neutral” rating by Citigroup on Wednesday, August 31. The rating was initiated by BB&T Capital on Friday, October 16 with “Hold”. The stock of DSW Inc. (NYSE:DSW) has “Outperform” rating given on Wednesday, November 25 by Credit Suisse. On Thursday, November 19 the stock rating was initiated by Wells Fargo with “Underperform”. Canaccord Genuity maintained it with “Hold” rating and $23 target price in Monday, August 29 report. As per Monday, May 16, the company rating was maintained by Susquehanna. Wedbush initiated the shares of DSW in a report on Wednesday, November 2 with “Neutral” rating. As per Monday, November 2, the company rating was maintained by Telsey Advisory Group. On Wednesday, August 26 the stock rating was maintained by William Blair with “Buy”.
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 1.3 in 2016 Q2. Its up 0.19, from 1.11 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.
Tiaa Cref Management Ltd Liability Corporation has 0% invested in the company for 289,965 shares. Third Avenue Mgmt Ltd Com holds 0.2% or 211,534 shares in its portfolio. Moreover, Wellington Mgmt Gp Ltd Liability Partnership has 0.04% invested in DSW Inc. (NYSE:DSW) for 8.17M shares. First Mercantile Tru has 0.09% invested in the company for 34,570 shares. Eagle Boston Investment Management owns 240,575 shares or 0.69% of their US portfolio. Moreover, Morgan Stanley has 0% invested in DSW Inc. (NYSE:DSW) for 71,215 shares. Pub Employees Retirement Association Of Colorado accumulated 16,643 shares or 0% of the stock. Arrowpoint Asset Mngmt Ltd holds 0.78% or 1.82 million shares in its portfolio. Mig Ltd Liability Co last reported 985,000 shares in the company. Price T Rowe Md last reported 0% of its portfolio in the stock. Americafirst Cap Ltd Llc, a California-based fund reported 5,064 shares. First Quadrant L P Ca holds 0.06% or 132,000 shares in its portfolio. Cantab Ptnrs Llp last reported 0% of its portfolio in the stock. Lombardia Cap Ptnrs Limited Liability Co has 530,902 shares for 0.74% of their US portfolio. Signaturefd Limited Liability Com has invested 0% of its portfolio in DSW Inc. (NYSE:DSW).
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.25 million net activity. $188,025 worth of DSW Inc. (NYSE:DSW) shares were sold by SONNENBERG HARVEY L. $1.06 million worth of DSW Inc. (NYSE:DSW) shares were sold by Jordan William L. Rawlins Roger also bought $250,982 worth of DSW Inc. (NYSE:DSW) shares.
DSW Inc. is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The company has a market cap of $2.20 billion. The Firm operates through two divisions: the DSW segment and the Affiliated Business Group segment. It has a 19.48 P/E ratio. The DSW segment includes DSW stores and dsw.com.
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.
More important recent DSW Inc. (NYSE:DSW) news were published by: Fool.com which released: “Why DSW, Inc. Stock Popped Today” on November 22, 2016, also Prnewswire.com published article titled: “DSW Inc. Names Jared Poff as Chief Financial Officer”, Prnewswire.com published: “DSW Inc. Announces Third Quarter 2016 Earnings Release Date” on November 08, 2016. More interesting news about DSW Inc. (NYSE:DSW) was released by: Streetinsider.com and their article: “DSW, Inc. (DSW) Declares $0.20 Quarterly Dividend; 3.5% Yield” with publication date: November 22, 2016.
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