$668.65 Million in Sales Expected for DSW Inc. (NYSE:DSW) This Quarter
Wall Street analysts expect DSW Inc. (NYSE:DSW) to post $668.65 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for DSW’s earnings, with the lowest sales estimate coming in at $659.54 million and the highest estimate coming in at $683.84 million. DSW reported sales of $658.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.5%. The firm is expected to report its next earnings results before the market opens on Tuesday, August 29th.
According to Zacks, analysts expect that DSW will report full year sales of $668.65 million for the current year, with estimates ranging from $2.77 billion to $2.86 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.89 billion per share, with estimates ranging from $2.78 billion to $3.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts 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 (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $691.10 million during the quarter, compared to analyst estimates of $684.34 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS.
A number of equities research analysts recently weighed in on DSW shares. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Buckingham Research cut DSW from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Monday, May 8th. Canaccord Genuity restated a “hold” rating and issued a $19.00 price target on shares of DSW in a research note on Tuesday, May 16th. Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, July 26th. Finally, CL King upgraded DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. DSW presently has a consensus rating of “Hold” and a consensus target price of $21.53.
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Shares of DSW (NYSE DSW) opened at 18.96 on Wednesday. DSW has a 52 week low of $15.98 and a 52 week high of $26.22. The firm has a market cap of $1.52 billion, a P/E ratio of 13.16 and a beta of 0.83. The stock has a 50 day moving average of $17.45 and a 200 day moving average of $19.24.
In other news, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total transaction of $75,182.58. Following the sale, the director now directly owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the sale, the director now directly owns 12,242 shares in the company, valued at $220,356. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DSW. Bbva Compass Bancshares Inc. raised 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 valued at $297,000 after buying an additional 332 shares during the period. Swiss National Bank raised its stake in DSW by 2.0% in the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock valued at $2,413,000 after buying an additional 2,300 shares during the period. Laurion Capital Management LP bought a new stake in DSW during the first quarter valued at about $281,000. Thrivent Financial For Lutherans raised 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 valued at $5,323,000 after buying an additional 53,190 shares during the period. Finally, Karp Capital Management Corp bought a new stake in DSW during the first quarter valued at about $493,000. 88.08% of the stock is currently owned by institutional investors.
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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