DSW price target lowered to $45 from $52 at Susquehanna Susquehanna lowered its price target on DSW following meetings with management. The firm noted the lack of a near-term catalyst but said management continues to address its women's segment while improving customer engagement and thus believes patient investors will be rewarded. Shares remain Positive rated.
DSW sees FY15 EPS $1.80-$1.90, consensus $1.90 Sees FY15 revenue growth of 7%-8%, consensus $2.64B. Sees FY15 comparable sales growth in low to mid-single digit range. The company expects to open 35 new stores, including 8-10 small format stores. Sees FY15 tax rate of 39%.