NEW YORK (TheStreet) -- Shares of DSW Inc. (DSW) are advancing 0.97% to $35.35 in mid-morning trading Monday, after analysts at Credit Suisse increased their earnings estimates for the next three years.
The firm raised 2015 and 2016 earnings estimates to $1.90 and $2.12 from $1.87 and $2.06, respectively, with their 2017 earnings estimate set at $2.31 from $2.26 per share, Credit Suisse noted.
Second quarter sales remain solid that the team's efforts to reposition the assortment, value proposition and omni-channel offering has helped strengthen the company's competitive position, according to the analyst note.
"We believe DSW should be able to sustain comps in the near-term in the mid-single digit range vs. an assumption of 2-3%, providing stronger occupancy leverage and helping mitigate the ongoing investments in SG&A," Credit Suisse analysts said.
DSW is a footwear and accessories retailer that offers assortment of shoes, handbags and accessories for women and men.
Separately, TheStreet Ratings team rates DSW INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DSW INC (DSW) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."