Auriga Reiterates a 'Buy' on DSW Inc. (DSW); Raising Estimates and PT After Great Q1
Tweet
Share
E-mailGet Alerts DSW Hot Sheet
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
Join SI Premium – FREE
Auriga reiterates a 'Buy' on DSW Inc. (NYSE: DSW) price target raised from $65 to $70.
Analyst, Claire Gallacher, said, "DSW reported better than expected Q1 EPS of $0.98, driven by comps of 7.6%. Unseasonably warm weather in February and March led to what we believe was incremental sell through of full price product. We expect Q2 comps of 2% given difficult comparisons and the possibility that purchases were pulled forward into Q1 and out of Q2. We are increasing our full year EPS estimate to $3.37 from $3.32 to reflect upside in Q1 and a conservative posture for Q2 and Q3. We are increasing our PT given the upside in Q1 and our belief that DSW is well positioned to continue capturing incremental spending the in the footwear segment."
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 $61.23 yesterday.
Analyst, Claire Gallacher, said, "DSW reported better than expected Q1 EPS of $0.98, driven by comps of 7.6%. Unseasonably warm weather in February and March led to what we believe was incremental sell through of full price product. We expect Q2 comps of 2% given difficult comparisons and the possibility that purchases were pulled forward into Q1 and out of Q2. We are increasing our full year EPS estimate to $3.37 from $3.32 to reflect upside in Q1 and a conservative posture for Q2 and Q3. We are increasing our PT given the upside in Q1 and our belief that DSW is well positioned to continue capturing incremental spending the in the footwear segment."
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 $61.23 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
