Why DSW Inc. Stock Popped Today

Shares of DSW Inc. (NYSE: DSW) climbed 9.7% on Friday after after a notable analyst upgrade and encouraging results from fellow footwear retailer Foot Locker (NYSE: FL).

For perspective on the latter, shares of Foot Locker skyrocketed more than 28% today after the company posted declining revenue (down 0.8% year over year to $1.87 billion) and adjusted earnings (down 23% to $0.87 per share). But those figures handily exceeded expectations, Foot Locker says, thanks to better availability in premium products so far in the second half. Foot Locker also predicted it could modestly outpace its previous guidance during the crucial holiday season.

IMAGE SOURCE: DSW.

Source: Fool.com