Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Expect Strong Q4 and Solid '12 Start
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Price: $22.51 --0%
Rating Summary:
6 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga reiterates a 'Buy' on DSW Inc. (NYSE: DSW) price target raised from $55 to $65.
Auriga analyst says, "We believe DSW is poised to report a strong Q4 and provide a bullish outlook for 2012. We believe the warm start to spring could have generated consumer interest in pumps, sandals and flats that normally draw consumer interest closer to the Easter holiday. As part of its new spring assortment, DSW rolled out Converse's Jack Purcell collection. DSW announced in January that it ramped its store openings planned for 2012 to include 35-40 new locations compared with 17 store openings in 2011. DSW secured 17 of the recently bankrupt Border's stores as new DSW locations, in addition to its already planned store openings for the year. We are introducing our 2013 EPS estimate of $3.84."
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 $56.17 yesterday.
Auriga analyst says, "We believe DSW is poised to report a strong Q4 and provide a bullish outlook for 2012. We believe the warm start to spring could have generated consumer interest in pumps, sandals and flats that normally draw consumer interest closer to the Easter holiday. As part of its new spring assortment, DSW rolled out Converse's Jack Purcell collection. DSW announced in January that it ramped its store openings planned for 2012 to include 35-40 new locations compared with 17 store openings in 2011. DSW secured 17 of the recently bankrupt Border's stores as new DSW locations, in addition to its already planned store openings for the year. We are introducing our 2013 EPS estimate of $3.84."
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 $56.17 yesterday.
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