Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Channel Checks Solid
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Price: $22.51 --0%
Rating Summary:
6 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
6 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Auriga reiterates a 'Buy' on DSW Inc. (NYSE: DSW) price target of $65.00.
Analyst, Claire Gallacher, said, "We believe DSW will likely meet or exceed our Q1 EPS estimate of $0.89 following a recent round of channel checks. Traffic appeared consistent and markdowns were difficult to find in the center of DSW stores. Clearance inventory appeared to be well maintained, indicating that inventory was likely well managed during the quarter. Our Q1 EPS estimate of $0.89 estimate assumes a 3.0% comp and revenue growth of 9% versus the prior year. If comps increase 5% (rather than our estimated 3%), we believe there could be $0.02-0.03 upside to our estimate...Little markdowns found; sell through appears healthy. We recently completed a round of channel checks at DSW stores. Traffic appeared consistent and healthy, with at least 3-4 customers deep at registers throughout the day."
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 $55.34 yesterday.
Analyst, Claire Gallacher, said, "We believe DSW will likely meet or exceed our Q1 EPS estimate of $0.89 following a recent round of channel checks. Traffic appeared consistent and markdowns were difficult to find in the center of DSW stores. Clearance inventory appeared to be well maintained, indicating that inventory was likely well managed during the quarter. Our Q1 EPS estimate of $0.89 estimate assumes a 3.0% comp and revenue growth of 9% versus the prior year. If comps increase 5% (rather than our estimated 3%), we believe there could be $0.02-0.03 upside to our estimate...Little markdowns found; sell through appears healthy. We recently completed a round of channel checks at DSW stores. Traffic appeared consistent and healthy, with at least 3-4 customers deep at registers throughout the day."
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 $55.34 yesterday.
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