DSW Inc Receives a Hold from Jefferies

By Jason Carr

Jefferies analyst Randal Konik reiterated a Hold rating on DSW Inc (NYSE: DSW) on March 10 and set a price target of $25. The company’s shares closed yesterday at $19.83, close to its 52-week low of $18.51.

According to TipRanks.com, Konik is a 2-star analyst with an average return of 0.0% and a 46.7% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

DSW Inc has an analyst consensus of Hold.

Based on DSW Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $697 million and quarterly net profit of $38.96 million. In comparison, last year the company earned revenue of $672 million and had a net profit of $11.76 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2016, Deborah Ferree, the V Chairman & Chief Mdsing Off. of DSW sold 114,854 shares for a total of $2,857,568.

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.