Sterne Agee Maintains Underperform On DSW, $26 PT

In a research report issued yesterday, Sterne Agee analyst Sam Poser maintained an Underperform rating on DSW Inc (NYSE:DSW) with a price target of $26.00.

Poser observed, “Reiterate Underperform: Results were better than expected, but fundamentals remain challenged. DSW will not be immune to the severe promotional activity in the world of women’s footwear, and will likely miss revised FY14 guidance. Merchandise margin expectations are too optimistic. DSW must optimize JDA. Raising FY14/FY15 EPS estimates from $1.43/$1.65 to $1.47/$1.69 and introducing our FY16 EPS estimate of $1.97.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 20.8% and a 77.1% success rate. Sam has a -12.9% average return when recommending DSW, and is ranked #25 out of 3248 analysts.

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