DSW (NYSE:DSW) had its target price lowered by equities researchers at Needham & Company LLC from $35.00 to $32.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 14.49% from the stock’s current price.

DSW has been the topic of several other research reports. ValuEngine raised shares of DSW from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. B. Riley boosted their price target on shares of DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Telsey Advisory Group boosted their price target on shares of DSW from $24.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, August 29th. Wells Fargo & Co boosted their price target on shares of DSW from $22.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, August 29th. Finally, Deutsche Bank boosted their price target on shares of DSW from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. DSW presently has a consensus rating of “Hold” and a consensus target price of $28.38.

Shares of DSW opened at $27.95 on Thursday. DSW has a 52-week low of $17.75 and a 52-week high of $34.63. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.16 and a beta of 0.88.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company had revenue of $793.70 million for the quarter, compared to analysts’ expectations of $689.41 million. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts forecast that DSW will post 1.74 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in DSW by 25.6% in the 3rd quarter. Bank of Montreal Can now owns 174,130 shares of the company’s stock valued at $5,900,000 after buying an additional 35,469 shares during the period. Fox Run Management L.L.C. purchased a new stake in DSW in the 3rd quarter valued at about $373,000. Northern Trust Corp raised its holdings in DSW by 2.2% in the 2nd quarter. Northern Trust Corp now owns 1,988,750 shares of the company’s stock valued at $51,349,000 after buying an additional 42,762 shares during the period. Truvestments Capital LLC purchased a new stake in DSW in the 2nd quarter valued at about $215,000. Finally, Bank of New York Mellon Corp raised its holdings in DSW by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,402,653 shares of the company’s stock valued at $36,218,000 after buying an additional 6,679 shares during the period. 89.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for DSW (NYSE:DSW)

Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.