I thought it was due to a downgrade, but there is a story on Yahoo now that attributes it to comments made at ITG research. I bought this for the Special Dividend, so I guess this is dead money for now, as I bought above 68. I think this is a solid company that is expanding at a fairly good pace, but the P/E ratio indicates that it might be a bit overbought.
DSW Inc. (NYSE:DSW): Susquehanna said the weakness in DSW is a buying opportunity as their third quarter remains on track. The firm feels comfortable with their estimates, sees upside to margins and likes the prospects of earnings beats and improved leverage. Shares are Positive rated with a $75 price target.
I'm wondering the same thing. It's been steadily going down for the last week or so...on no news. Could be someone in the sector reported weaker than expected earnings in the last week, and dsw is getting punished because of it.