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Zacks Investment Research reported on DSW Inc. (NYSE:DSW), raising its target price to $23.00 today

Yesterday DSW Inc. (NYSE:DSW) traded -0.97% lower at $20.38. The company’s 50-day moving average is $23.71 and its 200-day moving average is $22.91. The last stock close price is down -11.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 758,797 shares of the stock were exchanged, down from an average trading volume of 1,450,190

DSW Inc. (NYSE:DSW) had its target price raised to $23.00 by Zacks Investment Research in a report released 1/11/2017. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

See Chart Below

DSW Inc. (NYSE:DSW)

DSW Inc. has a 52 week low of $18.51 and a 52 week high of $29.53 with a P/E ratio of 16.00 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $28.43 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 12 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About DSW Inc. (NYSE:DSW)

DSW Inc. is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses. The Company operates over 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie's store. Its DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.

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