Wedbush Starts DSW Inc. (DSW) at Neutral

November 2, 2016 7:28 AM EDT
Get Alerts DSW Hot Sheet
Price: $25.65 +0.67%

Rating Summary:
    11 Buy, 15 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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Wedbush initiates coverage on DSW Inc. (NYSE: DSW) with a Neutral rating and a price target of $22.00.

Analyst Christopher Svezia commented, "We are initiating coverage of DSW with a NEUTRAL rating and $22 PT or 14x P/E. While management is working toward stabilizing its business, the story lacks a measured catalyst to materially improve operating performance. Athletic continues to be the strongest category while the balance of the assortment continues to be mixed. A broader consumer acceptance of nonathletic styles or more consistent seasonal inventory discipline would be a plus. Strong cash flow, which supplements its industry-leading dividend (3.85%) and solid buyback program, should provide support in the interim."

For an analyst ratings summary and ratings history on DSW Inc. click here. For more ratings news on DSW Inc. click here.

Shares of DSW Inc. closed at $20.49 yesterday.



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