In a report released today, Camilo Lyon from Canaccord Genuity maintained a Hold rating on DSW Inc (NYSE: DSW), with a price target of $22. The company’s shares opened today at $26.07, close to its 52-week high of $26.45.
Lyon commented:
“We maintain our neutral stance on DSW ahead of Q1 results on Wednesday, May 30 BMO.”
According to TipRanks.com, Lyon is a 2-star analyst with an average return of 0.0% and a 48.4% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Deckers Outdoor.
Currently, the analyst consensus on DSW Inc is Hold and the average price target is $22.67, representing a -13.0% downside.
In a report issued on May 21, Standpoint Research also downgraded the stock to Hold.
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The company has a one-year high of $26.45 and a one-year low of $15.14. Currently, DSW Inc has an average volume of 1.87M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Last month, William L. Jordan, the EVP, Chief Admin Officer of DSW sold 34,412 shares for a total of $773,238.
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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, and Affiliated Business Group segments.
