3 Ex-Dividend Stocks With Buy Ratings

NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: DSW ( DSW), Greif ( GEF) and Hudbay Minerals ( HBM).

Each of the stocks received a buy rating at TheStreet Ratings.

DSW

The shoe retailer is scheduled to report fourth-quarter earnings on March 20. Analysts, on average, anticipate earnings of 49 cents a share on revenue of $511.2 million.

"DSW announced in January that it ramped its store openings planned for 2012 toinclude 35-40 new locations compared with 17 store openings in 2011," Auriga analysts wrote in a report Wednesday. "DSW secured 17 of the recently bankrupt Border's stores as new DSW locations, in addition to its already planned store openings for the year. We expect in 2013, DSW likely will return to 20 store openings annually."

Forward Annual Dividend Yield: 1.1%

Rated "B+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was last year.

DSW has average liquidity. Its Quick Ratio is 1.37, which shows that the company can technically meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 22.07% from the prior year.

TheStreet Ratings' price target is $58.26. The stock closed Wednesday at $55.63 and has risen 25.83% year to date.

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Greif

The industrial packaging products company reported first-quarter earnings last month of $23.9 million, or 41 cents a share, down from year-earlier earnings of $41.4 million, or 71 cents.

"Industrial packaging stocks GEF and SON are among the least liked in paper &packaging by the sell side, with less than 50% of analysts at buy (SON 31%, GEF 43%)," JPMorgan analysts wrote in a March 5 report. "This is partially understandable, given that fundamentals have been awful since the summer, largely a function of the double whammy of weak demand and destocking, both of which appear to have bottomed in 1Q. While the magnitude of a recovery is uncertain, macro indicators have improved in recent months; and, we believe that both stocks could benefit from even a modest recovery in fundamentals, as valuations are below normal levels. Further, each company has incremental catalysts where sentiment could improve besides the macro, discussed in this note. We upgrade both stocks to OW from N and see the potential for a sharper snapback at GEF if the macro continues to firm from here."

Forward Annual Dividend Yield: 3.3%

Rated "B (Buy)" by TheStreet Ratings: The company's first-quarter gross profit margin was about the same as it was last year.

Greif has weak liquidity. Its Quick Ratio is 0.87, which demonstrates a lack of ability to meet its short-term cash needs.

In the first quarter, stockholders' net worth increased 9.7% from the prior year.

TheStreet Ratings' price target is $58.35. The stock closed Wednesday at $52.03 and has risen 14.23% year to date.


Hudbay Minerals

The copper concentrates company reported on March 7 fourth-quarter earnings of $34.3 million, or 21 cents a share, up from year-ago earnings of $7.9 million, or 7 cents.

"HBM met its 2011 production guidance, and substantially met its 2011 assetby-asset cost guidance," Canaccord analysts wrote in a March 8 report. "A full Constancia project update is expected to be provided by the end of March. HBM once again flagged increased capital costs, due now to significant scope changes, as well as industry inflation."

Forward Annual Dividend Yield: 1.7%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as last year.

Hudbay Minerals is extremely liquid. Its Quick Ratio is 4.81, which shows the company can meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 4.24% from the prior year.

TheStreet Ratings' price target is $13.35. The stock closed Wednesday at $11.79 and has risen 18.49% year to date.

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-- Written by Alexandra Zendrian

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