Analysts forecast that DSW Inc. (NYSE:DSW) will post sales of $723.24 million for the current quarter, Zacks reports. Six analysts have provided estimates for DSW’s earnings, with the highest sales estimate coming in at $731.30 million and the lowest estimate coming in at $715.79 million. DSW reported sales of $674.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The firm is expected to report its next quarterly earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that DSW will report full year sales of $723.24 million for the current year, with estimates ranging from $2.80 billion to $2.81 billion. For the next financial year, analysts forecast that the firm will post sales of $2.86 billion per share, with estimates ranging from $2.78 billion to $3.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow DSW.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.08). The business had revenue of $708.30 million for the quarter, compared to analyst estimates of $710.24 million. DSW had a net margin of 3.13% and a return on equity of 11.43%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.

Several analysts have recently weighed in on DSW shares. Zacks Investment Research downgraded DSW from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 3rd. Jefferies Group set a $20.00 target price on DSW and gave the company a “hold” rating in a research note on Tuesday, October 31st. Buckingham Research raised their target price on DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Susquehanna Bancshares upgraded DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price for the company in a research note on Thursday, November 16th. Finally, B. Riley restated a “hold” rating and set a $20.00 target price on shares of DSW in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. DSW currently has an average rating of “Hold” and an average price target of $21.25.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of DSW by 3.9% during the second quarter. Public Employees Retirement System of Ohio now owns 39,938 shares of the company’s stock worth $707,000 after purchasing an additional 1,502 shares during the last quarter. Afam Capital Inc. lifted its holdings in DSW by 2.9% in the second quarter. Afam Capital Inc. now owns 108,249 shares of the company’s stock worth $1,916,000 after acquiring an additional 3,092 shares during the last quarter. American International Group Inc. lifted its holdings in DSW by 7.0% in the third quarter. American International Group Inc. now owns 52,875 shares of the company’s stock worth $1,136,000 after acquiring an additional 3,443 shares during the last quarter. Voya Investment Management LLC lifted its holdings in DSW by 16.3% in the second quarter. Voya Investment Management LLC now owns 29,225 shares of the company’s stock worth $517,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its holdings in DSW by 1.7% in the third quarter. Eagle Boston Investment Management Inc. now owns 261,775 shares of the company’s stock worth $5,698,000 after acquiring an additional 4,372 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of DSW (NYSE DSW) traded up $0.69 during trading on Tuesday, hitting $19.53. The stock had a trading volume of 2,130,000 shares, compared to its average volume of 1,540,000. The firm has a market capitalization of $1,560.00, a P/E ratio of 18.25, a PEG ratio of 1.95 and a beta of 0.75. DSW has a 12 month low of $15.14 and a 12 month high of $22.72.

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About DSW

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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Earnings History and Estimates for DSW (NYSE:DSW)

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