UBS Group upgraded shares of DSW (NYSE:DSW) to a neutral rating in a research note released on Friday, November 16th, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank upped their price target on shares of DSW from $24.00 to $28.00 and gave the stock a hold rating in a report on Wednesday, August 29th. Wedbush upped their price target on shares of DSW from $21.00 to $24.00 and gave the stock a neutral rating in a report on Monday, August 13th. Citigroup upped their price objective on shares of DSW from $25.00 to $33.00 and gave the stock a neutral rating in a research note on Wednesday, August 29th. ValuEngine lowered shares of DSW from a buy rating to a hold rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research lowered shares of DSW from a strong-buy rating to a hold rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $29.64.

DSW stock traded down $1.20 during mid-day trading on Friday, reaching $24.21. 3,258,764 shares of the stock traded hands, compared to its average volume of 1,443,533. DSW has a one year low of $18.01 and a one year high of $34.63. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of DSW by 0.9% during the third quarter. Vanguard Group Inc. now owns 7,039,629 shares of the company’s stock valued at $238,504,000 after buying an additional 62,377 shares during the last quarter. Morgan Stanley increased its holdings in shares of DSW by 190.9% during the third quarter. Morgan Stanley now owns 584,393 shares of the company’s stock valued at $19,799,000 after acquiring an additional 383,488 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of DSW by 6.1% during the third quarter. Legal & General Group Plc now owns 206,883 shares of the company’s stock valued at $7,021,000 after acquiring an additional 11,882 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of DSW by 37.8% during the third quarter. TIAA CREF Investment Management LLC now owns 211,761 shares of the company’s stock valued at $7,174,000 after acquiring an additional 58,106 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of DSW by 41.3% during the third quarter. Teachers Advisors LLC now owns 189,253 shares of the company’s stock valued at $6,412,000 after acquiring an additional 55,349 shares in the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

Further Reading: Asset Allocation

The Fly

Analyst Recommendations for DSW (NYSE:DSW)

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