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NEW YORK (TheStreet) -- DSW  (DSW) - Get Free Report stock is falling 3.59% to $22.81 in mid-afternoon trading on Monday as retail stocks slip after Black Friday weekend sales.

Based in Columbus, OH, DSW is a footwear and accessories retailer.

As part of its Cyber Monday deals, DSW was offering 30% off two pairs of shoes. The retailer was closed on Thanksgiving. 

Black Friday and Thanksgiving Day sales totaled about $12.1 billion in sales, down from $12.29 billion in 2014, according to the firm ShopperTrak.

Retail stocks such as Finish Line (FL) and Shoe Carnival (SCVL) were also down by more than 3% in mid-afternoon trading on Wednesday.

"We believe Black Friday weekend was soft overall as shoppers stuck to their lists (smaller baskets YOY), partly offset by further migration of traffic to online and before the weekend," Deutsche Bank said in a note on Monday.

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:

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 reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • DSW has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.38 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • DSW, with its decline in revenue, slightly underperformed the industry average of 4.5%. Since the same quarter one year prior, revenues slightly dropped by 0.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Specialty Retail industry average. The net income has decreased by 20.7% when compared to the same quarter one year ago, dropping from $49.55 million to $39.30 million.
  • The gross profit margin for DSW INC is currently lower than what is desirable, coming in at 29.90%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 5.90% trails that of the industry average.
  • You can view the full analysis from the report here: DSW

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