William Blair analyst Amy Noblin maintained an Outperform rating on shares of DSW Inc. (NYSE: DSW) Tuesday morning. The analyst's note followed news out of DSW Monday afternoon which disclosed the company's CFO, May Meixelsperger, had resigned.
"We believe her departure is reflective of her desire to pursue a different opportunity. We do not believe that Ms. Meixelsperger’s departure will disrupt the broader initiatives underway and believe it creates an opportunity for new CEO Roger Rawlins to pick a candidate as he executes his longer-term vision for the company," according to Noblin.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
"While management changes create some near-term noise, longer term we continue to see growth opportunities stemming from ongoing initiatives under new management, including greater operational efficiencies, and product and customer experience enhancements, driving traffic and margin improvement moving past a heavier investment period," the William Blair analyst concluded.
DSW shares closed Tuesday's trading session down nearly 0.6 percent.