William Blair Comments on DSW Inc.’s Q4 2017 Earnings (DSW)
DSW Inc. (NYSE:DSW) – Stock analysts at William Blair decreased their Q4 2017 earnings per share (EPS) estimates for shares of DSW in a note issued to investors on Tuesday. William Blair analyst A. Noblin now forecasts that the brokerage will earn $0.17 per share for the quarter, down from their previous forecast of $0.18.
A number of other research analysts also recently commented on DSW. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, August 2nd. Telsey Advisory Group increased their price objective on DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Canaccord Genuity reiterated a “hold” rating and issued a $23.00 price objective (up previously from $19.00) on shares of DSW in a report on Monday, August 29th. They noted that the move was a valuation call. B. Riley reiterated a “neutral” rating and issued a $23.00 price objective on shares of DSW in a report on Wednesday, August 31st. Finally, Citigroup Inc. increased their price objective on DSW from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. DSW has an average rating of “Hold” and an average target price of $24.52.
Shares of DSW (NYSE:DSW) traded up 0.32% on Thursday, reaching $25.08. The company’s stock had a trading volume of 34,090 shares. DSW has a 1-year low of $18.51 and a 1-year high of $29.53. The stock has a 50-day moving average price of $21.69 and a 200-day moving average price of $22.34. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.02 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. DSW had a return on equity of 12.45% and a net margin of 3.90%. The company earned $697 million during the quarter, compared to the consensus estimate of $710.42 million. During the same period in the previous year, the company posted $0.44 earnings per share. DSW’s revenue for the quarter was up 4.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.20%. DSW’s dividend payout ratio is presently 62.99%.
In related news, EVP William L. Jordan sold 42,423 shares of DSW stock in a transaction on 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 transaction, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at $1,808,325. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of DSW stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total value of $188,000.00. Following the transaction, the director now directly owns 20,142 shares of the company’s stock, valued at $473,337. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of DSW. Americafirst Capital Management LLC purchased a new position in shares of DSW during the second quarter valued at about $107,000. NEXT Financial Group Inc bought a new position in DSW during the third quarter worth $123,000. MSI Financial Services Inc boosted its position in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock worth $137,000 after buying an additional 190 shares during the period. PNC Financial Services Group Inc. boosted its position in DSW by 100.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,200 shares of the company’s stock worth $147,000 after buying an additional 3,600 shares during the period. Finally, Pacad Investment Ltd. bought a new position in DSW during the second quarter worth $159,000. 82.29% of the stock is owned by hedge funds and other institutional investors.
DSW Company Profile
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.
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