Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Q4 Beat; Outlook Backend Weighted

Auriga reiterates a 'Buy' on DSW Inc. (NYSE: DSW) price target of $65.00.

Auriga analyst said, "DSW reported a better than expected Q4, with strong sell through of product across segments. Inventory levels were clean at quarter end, positioning the company for minimal discounting going forward. Due to the large number of store openings planned for 2012, store opening costs are expected to dampen earnings growth in the first three quarters of 2011. However, due to easy comparisons for gross margin and store opening expense, in addition to a 53rd week in 2012, EPS for Q4 is projected to increase 47%."

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 $56.13 yesterday.

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