DSW Inc Gets a Hold Rating from Canaccord Genuity

By Austin Angelo

In a report released today, Camilo Lyon from Canaccord Genuity reiterated a Hold rating on DSW Inc (NYSE: DSW), with a price target of $19. The company’s shares opened today at $18.75, close to its 52-week low of $18.33.

According to TipRanks.com, Lyon is ranked 0 out of 5 stars with an average return of -3.1% and a 43.9% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Deckers Outdoor.

Currently, the analyst consensus on DSW Inc is Moderate Sell and the average price target is $19.75, representing a 5.3% upside.

In a report issued on May 8, Buckingham also downgraded the stock to Hold with a $20 price target.

DSW Inc’s market cap is currently $1.51B and has a P/E ratio of 12.49. The company has a book value ratio of 1.6130.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

DSW, Inc. is a branded footwear and accessories retailer, which offers brand name and designer dress, casual, and athletic footwear and accessories for women, men and kids. It operates through DSW and Affiliated Business Group (ABG) segments. The company was founded on January 20, 1969 and is headquaretred in Columbus, OH.