DSW (NYSE:DSW) announced its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11, Bloomberg Earnings reports. DSW had a net margin of 3.13% and a return on equity of 11.43%. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $728.46 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. DSW updated its FY19 guidance to $1.52-1.67 EPS.

DSW (DSW) opened at $21.70 on Wednesday. The firm has a market cap of $1,567.94, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.95 and a beta of 0.74. DSW has a one year low of $15.14 and a one year high of $22.72.

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Several equities analysts have recently issued reports on the stock. B. Riley set a $22.00 price target on shares of DSW and gave the company a “hold” rating in a report on Wednesday. Canaccord Genuity set a $20.00 price target on shares of DSW and gave the company a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, February 2nd. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating and set a $23.00 price target for the company in a report on Thursday, November 16th. Finally, Buckingham Research boosted their price target on shares of DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. acquired a new position in DSW in the 4th quarter worth $100,000. Meadow Creek Investment Management LLC acquired a new position in DSW in the 4th quarter worth $114,000. Cerebellum GP LLC acquired a new position in DSW in the 4th quarter worth $129,000. Advisor Group Inc. boosted its stake in DSW by 240.4% in the 4th quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock worth $176,000 after purchasing an additional 5,794 shares during the period. Finally, Sciencast Management LP acquired a new position in shares of DSW during the 4th quarter worth about $200,000. 97.04% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for DSW (NYSE:DSW)

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