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Stock Market & Financial Investment News

News Breaks
April 15, 2014
06:33 EDTDSWDSW acquires approximately 44% interest in Town of shoes in Canada
DSW Inc. and Town Shoes announced that they have entered into a definitive agreement whereby DSW Inc. will purchase for cash approximately 44% interest in Town Shoes for approximately $62M. The transaction has been approved by each company's board and is expected to close in May. DSW Inc. is purchasing its initial 44% stake from AIMCo and may acquire additional shares from certain other minority shareholders as part of its initial investment. Additionally, DSW Inc. will have the right to purchase the balance of Town Shoes from the remaining shareholders, including Callisto Capital, after four years at a pre-determined EBITDA multiple. Callisto, on behalf of itself and the remaining shareholders, has the right to put the balance of the company to DSW Inc. after three years at a pre-determined EBITDA multiple. DSW Inc.'s initial stake provides 50% voting control and board representation, both of which are equal to that of Callisto. The transaction, which the company anticipates to record under the equity method, is expected to be slightly accretive to earnings in FY14, excluding one-time transaction expenses.
News For DSW From The Last 14 Days
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May 28, 2015
10:02 EDTDSWOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BT Group (BT) downgraded to Underperform from Strong Buy at Raymond James... Banc of California (BANC) downgraded to Neutral from Buy at DA Davidson... Bon-Ton Stores (BONT) downgraded to Underperform from In-Line at Imperial Capital... Broadcom (BRCM) downgraded to Outperform, would not rule out another bid, says CLSA... DSW (DSW) downgraded to Neutral from Buy at Goldman... First Potomac (FPO) downgraded on DC office market fundamentals at BMO Capital... Ignite Restaurant (IRG) downgraded to Neutral from Buy at UBS... Magnum Hunter (MHR) downgraded to Hold from Buy at Canaccord... Michael Kors (KORS) downgraded to Equal Weight from Overweight at Stephens... Santander Brasil (BSBR) downgraded to Underweight from Equal Weight at Barclays... Semtech (SMTC) downgraded to Sell from Neutral at B. Riley... The Fresh Market (TFM) downgraded to Neutral from Overweight at JPMorgan... Vail Resorts (MTN) downgraded to Neutral ahead of Q3 earnings at MKM Partners.
08:42 EDTDSWDSW risk/reward positive as year unfolds, says Susquehanna
Susquehanna likes the risk/reward for DSW given improved value messaging, its investment in omni-channel stores, opportunity for earnings upside and its dividend. Susquehanna reiterated its Positive rating and $44 price target on DSW shares.
06:16 EDTDSWDSW downgraded to Neutral from Buy at Goldman
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May 27, 2015
09:07 EDTDSWOn The Fly: Pre-market Movers
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07:04 EDTDSWDSW backs FY15 EPS $1.80-$1.90, consensus $1.88
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07:03 EDTDSWDSW reports Q1 comparable sales pu 5.1%
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07:03 EDTDSWDSW reports Q1 EPS 53c, consensus 47c
Reports Q1 revenue $655.49M, consensus $653.41M
May 26, 2015
15:00 EDTDSWNotable companies reporting before tomorrow's open
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14:36 EDTDSWDSW weekly volatility increasing into Q1 and outlook
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