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NEW YORK (TheStreet) -- DSW  (DSW) - Get Designer Brands Inc. Class A Report stock is down by 2.91% to $22.38 at the start of trading on Tuesday morning, after the retailer's 2015 third quarter earnings results missed analysts' expectations. 

Before the market open on Tuesday, the Columbus-based footwear company reported earnings of 44 cents per share. Revenue declined by 0.6% year over year to $666 million.

Analysts were expecting DSW to report earnings of 55 cents per share on revenue of $709 million for the most recent quarter. 

DSW will ramp up its marketing efforts during the holiday season to drive traffic, CEO Mike MacDonald said in a statement.

"Our third quarter performance was disappointing," he added. "Unseasonably warm temperatures, cautious consumer spending and slower tourism contributed to weak sales trends and a difficult retail environment."

Additionally, DSW maintained its fiscal 2015 earnings outlook of $1.40 per share to $1.50 per share.

Separately, TheStreet Ratings team rates DSW INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

We rate DSW INC (DSW) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity.

You can view the full analysis from the report here: DSW

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.