DSW Inc. (NYSE:DSW) – Analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for DSW in a research note issued on Tuesday. KeyCorp analyst J. Schmidt now forecasts that the brokerage will earn $1.42 per share for the year, up from their previous forecast of $1.37. KeyCorp also issued estimates for DSW’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $1.58 EPS and FY2020 earnings at $1.78 EPS.

A number of other brokerages have also issued reports on DSW. B. Riley restated a “neutral” rating and issued a $23.00 price target on shares of DSW in a research note on Wednesday, August 31st. Canaccord Genuity restated a “hold” rating and issued a $23.00 price target (up previously from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group dropped their price target on shares of DSW from $27.00 to $25.00 and set a “market perform” rating for the company in a research note on Wednesday, August 31st. Zacks Investment Research downgraded shares of DSW from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Susquehanna started coverage on shares of DSW in a report on Thursday, September 15th. They issued a “negative” rating and a $19.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.52.

Earnings History and Estimates for DSW (NYSE:DSW)

DSW (NYSE:DSW) opened at 25.00 on Wednesday. DSW has a one year low of $18.51 and a one year high of $29.53. The stock has a 50 day moving average of $21.69 and a 200-day moving average of $22.34. The stock has a market cap of $2.06 billion, a P/E ratio of 19.95 and a beta of 0.72.

DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business earned $697 million during the quarter, compared to the consensus estimate of $710.42 million. DSW had a net margin of 3.90% and a return on equity of 12.45%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS.

A number of large investors have recently modified their holdings of DSW. Geode Capital Management LLC boosted its stake in shares of DSW by 48.0% in the first quarter. Geode Capital Management LLC now owns 640,247 shares of the company’s stock valued at $17,696,000 after buying an additional 207,517 shares during the period. LPL Financial LLC increased its stake in DSW by 169.1% in the first quarter. LPL Financial LLC now owns 100,524 shares of the company’s stock valued at $2,720,000 after buying an additional 63,174 shares during the last quarter. Royal Bank of Canada increased its stake in DSW by 10.3% in the first quarter. Royal Bank of Canada now owns 534,494 shares of the company’s stock valued at $14,773,000 after buying an additional 49,895 shares during the last quarter. Squarepoint Ops LLC increased its stake in DSW by 614.8% in the first quarter. Squarepoint Ops LLC now owns 86,485 shares of the company’s stock valued at $2,390,000 after buying an additional 74,385 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in DSW during the first quarter valued at about $598,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

In other DSW news, Director Harvey L. Sonnenberg sold 8,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $23.50, for a total value of $188,000.00. Following the sale, the director now directly owns 20,142 shares in the company, valued at $473,337. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William L. Jordan sold 42,423 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the completion of the sale, the executive vice president now owns 72,333 shares in the company, valued at $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, December 14th. DSW’s dividend payout ratio (DPR) is presently 62.99%.

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About DSW

DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.

5 Day Chart for NYSE:DSW

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