Brokerages Anticipate DSW Inc. (NYSE:DSW) to Post $0.28 EPS
Equities analysts expect DSW Inc. (NYSE:DSW) to post earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for DSW’s earnings, with estimates ranging from $0.26 to $0.31. DSW posted earnings of $0.35 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings report on Tuesday, August 29th.
According to Zacks, analysts expect that DSW will report full-year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.48. For the next year, analysts anticipate that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.31 to $1.59. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for DSW.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The firm had revenue of $691.10 million during the quarter, compared to analyst estimates of $684.34 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. DSW’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Several research analysts have recently weighed in on the stock. Citigroup Inc. decreased their target price on shares of DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. B. Riley restated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research note on Wednesday, May 24th. Telsey Advisory Group decreased their target price on shares of DSW from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, May 24th. BidaskClub upgraded shares of DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Cleveland Research upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.64.
In related news, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total value of $151,902.00. Following the sale, the director now owns 12,242 shares of the company’s stock, valued at approximately $220,356. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the sale, the director now directly owns 4,313 shares in the company, valued at approximately $76,857.66. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DSW. Bbva Compass Bancshares Inc. boosted its stake in DSW by 2.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock worth $297,000 after buying an additional 332 shares during the period. Norges Bank purchased a new stake in DSW during the fourth quarter worth $21,992,000. Swiss National Bank boosted its stake in DSW by 2.0% in the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock worth $2,413,000 after buying an additional 2,300 shares during the period. Vident Investment Advisory LLC boosted its stake in DSW by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 45,807 shares of the company’s stock worth $1,037,000 after buying an additional 187 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in DSW by 26.0% in the first quarter. Thrivent Financial For Lutherans now owns 257,410 shares of the company’s stock worth $5,323,000 after buying an additional 53,190 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of DSW (NYSE:DSW) traded up 1.72% during midday trading on Monday, hitting $17.17. 539,204 shares of the stock were exchanged. DSW has a 12-month low of $15.98 and a 12-month high of $26.22. The firm has a market cap of $1.38 billion, a P/E ratio of 11.92 and a beta of 0.83. The firm has a 50 day moving average of $17.21 and a 200 day moving average of $19.47.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.74%. DSW’s dividend payout ratio (DPR) is 55.94%.
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DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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