The shoe retailer reported on Tuesday first-quarter earnings of $39.9 million, or 89 cents a share, a reversal from year-earlier loss of $38.1 million, or $1.74 a share.
Shares of DSW hit a 52-week high of $61.89. The stock's 52-week low of $35.72 was set on Aug. 22.DSW's stock currently trades at an estimated price-to-earnings ratio for next year of 16.14 times; the average for apparel retailers is 13.79X. For comparison, Foot Locker (FL) has a lower forward P/E of 11.98X. Eight of the nine analysts who cover DSW rate it at buy; one analyst gives the stock a sell rating. The stock has risen 39.11% year to date.
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