25.16 0.00 (0.00%)
After hours: 4:36PM EDT
|Bid||25.03 x 3200|
|Ask||25.23 x 800|
|Day's Range||25.08 - 26.55|
|52 Week Range||17.75 - 34.63|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||2,287.27|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||1.00 (3.66%)|
|1y Target Est||30.55|
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on October 15. Index (PMI) data, output in the Consumer Services sector is rising.
The Zacks Analyst Blog Highlights: Tilly's, Shoe Carnival, Urban Outfitters, DSW and Express
Apparel stocks have been doing well for a while now and the recent jump proves that consumers are willing to spend more on apparels and shoes.
Stocks that moved substantially or traded heavily Wednesday: Sears Holdings Corp., down 10 cents to 49 cents The Wall Street Journal reported that the struggling retailer was preparing a bankruptcy filing. ...
DSW Inc. isn’t just selling shoes – it’s going to make footwear, too. The Columbus-based retailer announced on Wednesday that it has acquired Connecticut-based Camuto Group, a footwear and accessory designer and developer responsible for the Vince Camuto brand and the footwear licenses for Jessica Simpson and Lucky Brand. In addition, DSW also is teaming up with New York-based Authentic Brands Group LLC in a partnership that is acquiring several intellectual property rights from Camuto Group.
Shares of discount shoe retailer DSW Inc. slid more than 7% Wednesday, after the company said it's acquiring the Camuto Group in partnership with Authentic Brands for about $375 million. The news adds uncertainty to DSW's outlook and comes after an expected slightly earnings-boosting acquisition of Town Shoes, said Wedbush analyst Christopher Svezia. This latest deal is one that will hurt earnings and require expertise and focus, Svezia wrote in a note. "Though over the longer term, the acquisition may end up a positive (incremental revenue streams, gross margin benefits), in the near to medium term, there is also risk around tariffs (likely high exposure to Chinese sourcing, possible that handbags may be impacted already), investments, and general integration," said the note. "While more about the Camuto business will be learned, including in our upcoming meetings with management on Thursday 10/11, the transaction adds to near term uncertainty around the outlook and DSW shares." Wedbush has a neutral rating on DSW with a $29 12-month stock price target, below its current trading level of $30. Shares have gained 41% in 2018, while the S&P 500 has gained 7%.
Inc. (DSW) has reached a deal to buy the operations of Camuto Group, a move that the Columbus, Ohio, shoe retail chain on Wednesday said will expand its customer reach. DSW said it will acquire Camuto Group’s global production, sourcing and design operations for $200 million, in addition to buying the licensing rights for the Jessica Simpson footwear business and licenses for Lucky Brand and Max Studio footwear and handbags. DSW and closely held Authentic Brands Group LLC also entered an agreement to buy the rights to produce certain footwear brands from Camuto in a new partnership.
DSW Inc. and Authentic Brands Group LLC have agreed to acquire the Camuto Group, best know for the Vince Camuto brand and footwear licences of Jessica Simpson and Lucky Brand, for about $375 million. The Camuto Group will retain is Connecticut headquarters and manage its wholesale and third-party design relationships independently of DSW. The deal "transforms DSW Inc. into one of the largest footwear companies in North America with industry-leading capabilities in product design, development, sourcing, production and marketing," DSW Chief Executive Roger Rawlins said in a statement. Under the terms of the deal, DSW will pay about $200 million to acquire all of Camuto's global product, sourcing and design infrastructure, including operations in Brazil and China. It will also acquire joint venture participation in the Ellen DeGeneres and Mercedes Castillo brands that are currently managed by Camuto. The deal is expected to close at the end of DSW's fiscal fourth quarter. DSW shares were not yet active premarket, but have gained 53% in 2018, while the S&P 500 has gained about 8%.
COLUMBUS, Ohio, Oct. 10, 2018 /PRNewswire/ -- DSW Inc. (DSW), a leading North American footwear and accessories retailer, announced it has entered into a definitive agreement to acquire the operations of Camuto Group, the legendary product design and brand development organization best known for the successful Vince Camuto® brand and the footwear licenses of Jessica Simpson® and Lucky Brand®. Additionally, DSW Inc. and Authentic Brands Group LLC (ABG), a global brand development, marketing and entertainment company, have entered into a definitive agreement to acquire several intellectual property rights from the Camuto Group under a new partnership.
Partnership Bolsters ABG's Portfolio and Secures an Expert Footwear Operating Partner NEW YORK , Oct. 10, 2018 /PRNewswire/ -- Authentic Brands Group LLC (ABG), a global brand development, marketing and ...
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on October 2. Index (PMI) data, output in the Consumer Services sector is rising.
NEW YORK, Oct. 03, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
There is a certain pattern that unfolds during the Fed rate hike day. The S&P 500 begins on a positive note but tends to lose steam in the afternoon.
DSW, L Brands, Vishay Intertechnology, Cypress Semiconductor and ON Semiconductor highlighted as Zacks Bull and Bear of the Day