Canaccord Genuity Remains a Hold on DSW Inc

By Jason Carr

In a report released today, Camilo Lyon from Canaccord Genuity reiterated a Hold rating on DSW Inc (NYSE: DSW), with a price target of $22. The company’s shares opened today at $21.75, close to its 52-week high of $22.72.

According to TipRanks.com, Lyon is a 1-star analyst with an average return of -1.4% and a 46.6% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Clarus Corporation.

Currently, the analyst consensus on DSW Inc is Moderate Buy and the average price target is $23.33, representing a 7.3% upside.

In a report issued on March 7, B.Riley FBR also maintained a Hold rating on the stock.

The company has a one-year high of $22.72 and a one-year low of $15.14. Currently, DSW Inc has an average volume of 1.66M.

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DSW, Inc. engages in the distribution of footwear and accessory brands. It offers a range of dress, casual and athletic footwear and accessories for women, men and kids. It operates through the DSW, and Affiliated Business Group segments.