NEW YORK (TheStreet) -- Shares of DSW Inc. are higher by 5.83% to $39 in pre-market trading on Tuesday morning, after the discount designer shoe retailer posted better than expected earnings results for the 2014 fourth quarter, which improved year-over-year. For the most recent quarter DSW said its adjusted earnings were 35 cents per share, beating the 28 cents per share analysts polled by Thomson Reuters were expecting. DSW's fourth quarter earnings improved by 13% when compared to the same period a year ago. Adjusted sales for the latest quarter grew by 12% to $640 million, topping the $614 million analysts had forecast. Same store sales were up by 7.6% for the quarter. "We were gratified to report strong sales and profit growth in the fourth quarter. Our decisive actions earlier in the year in the areas of leadership, value, and marketing produced strong results. These actions produced the strongest comp performance in almost three years, with traffic gains in both store and digital channels. Further, we continue to invest in long term strategies that are making DSW more customer-centric and channel agnostic. We are excited to embark on the 2015 fiscal year with considerable momentum," company CEO Mike McDonald said in a statement. For more on DSW click here. Separately, TheStreet Ratings team rates DSW INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: "We rate DSW INC (DSW) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: DSW Ratings Report DSW data by YCharts
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