DSW Inc. (NYSE:DSW) – B. Riley cut their FY2017 earnings per share estimates for DSW in a research note issued to investors on Wednesday. B. Riley analyst J. Van. Sinderen now anticipates that the firm will post earnings per share of $1.40 for the year, down from their prior forecast of $1.41. B. Riley has a “Neutral” rating and a $26.00 price target on the stock. B. Riley also issued estimates for DSW’s Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.60 EPS and Q4 2018 earnings at $0.17 EPS.

DSW (NYSE:DSW) last issued its earnings results on Tuesday, November 22nd. The company reported $0.51 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 firm posted $0.44 earnings per share. DSW’s quarterly revenue was up 4.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “DSW Inc. (DSW) to Post FY2017 Earnings of $1.40 Per Share, B. Riley Forecasts” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/30/dsw-inc-dsw-to-post-fy2017-earnings-of-1-40-per-share-b-riley-forecasts.html.

Earnings History and Estimates for DSW (NYSE:DSW)

A number of other research analysts have also weighed in on the stock. Jefferies Group set a $28.00 target price on shares of DSW and gave the stock a “buy” rating in a research report on Thursday, November 24th. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a research report on Friday, November 25th. Standpoint Research assumed coverage on shares of DSW in a research report on Friday, November 4th. They set a “buy” rating and a $28.00 target price for the company. Wedbush reissued a “neutral” rating and set a $22.00 target price on shares of DSW in a research report on Tuesday, November 1st. Finally, Susquehanna assumed coverage on shares of DSW in a research report on Thursday, September 15th. They set a “negative” rating and a $19.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.64.

Shares of DSW (NYSE:DSW) traded up 0.97% during trading on Monday, reaching $23.94. The company’s stock had a trading volume of 226,087 shares. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.79 and a beta of 0.72. The company’s 50-day moving average price is $21.95 and its 200 day moving average price is $22.34. DSW has a 1-year low of $18.51 and a 1-year high of $29.53.

A number of institutional investors have recently made changes to their positions in the stock. Americafirst Capital Management LLC acquired a new position in shares of DSW during the second quarter valued at $107,000. NEXT Financial Group Inc acquired a new position in shares of DSW during the third quarter valued at $123,000. MSI Financial Services Inc raised its position in shares of DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock valued at $137,000 after buying an additional 190 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of DSW by 100.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,200 shares of the company’s stock valued at $147,000 after buying an additional 3,600 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of DSW during the second quarter valued at $159,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “DSW Inc. (DSW) to Post FY2017 Earnings of $1.40 Per Share, B. Riley Forecasts” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/30/dsw-inc-dsw-to-post-fy2017-earnings-of-1-40-per-share-b-riley-forecasts.html.

In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were 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 in the company, valued at $473,337. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Jordan sold 42,423 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were 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 owns 72,333 shares in the company, valued at $1,808,325. The disclosure for this sale can be found here. Insiders own 20.30% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be paid 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 dividend yield of 3.37%. DSW’s dividend payout ratio (DPR) is currently 62.99%.

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.

5 Day Chart for NYSE:DSW

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