Auriga Maintains a 'Buy' on DSW Inc. (DSW); Guidance and Dividend Raised on Strong Q1
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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 maintains a 'Buy' on DSW Inc. (NYSE: DSW) price target of $65.00.
Analyst, Claire Gallacher, said, "DSW reported EPS of $0.98 vs consensus of $0.90 and our estimate of $0.89. This represents a 13% increase versus 1Q11. Comps increased 7.6% compared with guidance of +2-4 %. We estimated comps +3.0% and consensus stood at +3.8%...Cash totaled $448mm compared with $430mm at the end of 2011. Dividend was raised by 20%, to $0.18 from prior quarterly dividend of $0.15...New guidance includes EPS of $3.25-3.40 per share, up from prior guidance of $3.20-3.35. Consensus currently stands at $3.31. Comps are now expected to increase 3-5%. Prior guidance included comps +2-4% for the year. 2012 includes 53 weeks compared with 52 weeks in 2011."
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 $55.80 yesterday.
Analyst, Claire Gallacher, said, "DSW reported EPS of $0.98 vs consensus of $0.90 and our estimate of $0.89. This represents a 13% increase versus 1Q11. Comps increased 7.6% compared with guidance of +2-4 %. We estimated comps +3.0% and consensus stood at +3.8%...Cash totaled $448mm compared with $430mm at the end of 2011. Dividend was raised by 20%, to $0.18 from prior quarterly dividend of $0.15...New guidance includes EPS of $3.25-3.40 per share, up from prior guidance of $3.20-3.35. Consensus currently stands at $3.31. Comps are now expected to increase 3-5%. Prior guidance included comps +2-4% for the year. 2012 includes 53 weeks compared with 52 weeks in 2011."
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 $55.80 yesterday.
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