B.Riley FBR Maintains a Hold Rating on DSW Inc (DSW)


B.Riley FBR analyst Jeff Van Sinderen maintained a Hold rating on DSW Inc (DSW) today and set a price target of $30. The company’s shares opened today at $25.18.

According to TipRanks.com, Sinderen ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.1% and a 37.2% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings Inc, and Steven Madden.

The word on The Street in general, suggests a Hold analyst consensus rating for DSW Inc with a $29.50 average price target, which is a 17.2% upside from current levels. In a report issued on November 30, Citigroup also maintained a Hold rating on the stock with a $30 price target.

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Based on DSW Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $39.32 million. In comparison, last year the company had a net profit of $4.04 million.

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DSW, Inc. engages in the distribution of footwear and accessory brands. It offers a range of dress, casual and athletic footwear, and accessories for women, men, and kids. It operates through the DSW segment.