DSW Inc. (DSW) Set to Announce Quarterly Earnings on Tuesday
DSW Inc. (NYSE:DSW) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 22nd. Analysts expect the company to announce earnings of $0.29 per share for the quarter. DSW has set its FY18 guidance at $1.45-1.55 EPS.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $691.10 million during the quarter, compared to analysts’ expectations of $684.34 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. DSW’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, analysts expect DSW to post $1.44 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.
DSW Inc. (NYSE:DSW) opened at 15.84 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of 10.99 and a beta of 0.83. DSW Inc. has a 52 week low of $15.66 and a 52 week high of $26.22. The firm has a 50-day moving average price of $17.42 and a 200-day moving average price of $18.99.
In other news, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the sale, the director now directly owns 4,313 shares in the company, valued at $76,857.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the sale, the director now owns 12,242 shares in the company, valued at $220,356. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
A number of equities analysts recently commented on DSW shares. BidaskClub raised DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Citigroup Inc. dropped their price target on DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. Wedbush raised DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Wednesday, July 26th. Telsey Advisory Group dropped their price target on DSW from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, May 24th. Finally, Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. DSW presently has a consensus rating of “Hold” and an average price target of $21.53.
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DSW Company Profile
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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