NEW YORK ( TheStreet) -- Shares of DSW (NYSE: DSW) were gapping up Wednesday morning with an open price 13.4% higher than Tuesday's closing price. The stock closed at $36.23 Tuesday and opened today's trading at $41.07. The average volume for DSW has been 334,700 shares per day over the past 30 days. DSW has a market cap of $596.2 million and is part of the services sector and retail industry.

DSW Inc., together with its subsidiaries, operates as a footwear specialty retailer in the United States. It offers dress, casual, and athletic footwear for women and men, as well as accessories, handbags, and hosiery. The company also sells shoes and accessories through The company has a P/E ratio of 15.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates DSW as a buy. 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DSW Ratings Report.