DSW pullback a buying opportunity, says Credit Suisse Credit Suisse believes the pullback in DSW is a buying opportunity for long-term investors. The firm lowered Q1 estimates due to weather and continued women's issues but believes shares can bounce back as progress is made. The firm rates DSW an Outperform with a $44 price target.
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%.