DSW Inc. (DSW) Expected to Post Quarterly Sales of $710.51 Million
Analysts expect that DSW Inc. (NYSE:DSW) will announce sales of $710.51 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for DSW’s earnings. The lowest sales estimate is $705.30 million and the highest is $715.00 million. DSW reported sales of $696.62 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The firm is expected to report its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that DSW will report full year sales of $710.51 million for the current year, with estimates ranging from $2.71 billion to $2.82 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.88 billion per share, with estimates ranging from $2.80 billion to $3.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow DSW.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The business had revenue of $680.40 million during the quarter, compared to analyst estimates of $666.66 million. During the same period last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis.
DSW has been the subject of a number of research analyst reports. Buckingham Research downgraded shares of DSW from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Canaccord Genuity reiterated a “hold” rating and issued a $19.00 target price on shares of DSW in a research report on Tuesday, May 16th. CL King upgraded shares of DSW from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, B. Riley reiterated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. DSW currently has an average rating of “Hold” and an average target price of $21.83.
In other DSW news, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $20.03, for a total value of $53,399.98. Following the sale, the executive vice president now directly owns 44,254 shares in the company, valued at approximately $886,407.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna T. Lau sold 10,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $19.26, for a total transaction of $192,600.00. Following the completion of the sale, the director now owns 21,272 shares in the company, valued at $409,698.72. The disclosure for this sale can be found here. Insiders sold a total of 100,776 shares of company stock worth $1,982,125 over the last quarter. 20.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of DSW. Bbva Compass Bancshares Inc. raised its stake in DSW by 2.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock valued at $297,000 after buying an additional 332 shares in the last quarter. Swiss National Bank raised its stake in DSW by 2.0% in the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock valued at $2,413,000 after buying an additional 2,300 shares in the last quarter. BlackRock Inc. raised its stake in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares in the last quarter. Karp Capital Management Corp bought a new stake in DSW during the first quarter valued at about $493,000. Finally, Thrivent Financial For Lutherans raised its stake in DSW by 26.0% in the first quarter. Thrivent Financial For Lutherans now owns 257,410 shares of the company’s stock valued at $5,323,000 after buying an additional 53,190 shares in the last quarter. Institutional investors own 85.64% of the company’s stock.
DSW (NYSE:DSW) traded down 0.69% on Friday, hitting $18.80. The stock had a trading volume of 1,662,429 shares. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 12.60 and a beta of 0.83. DSW has a one year low of $15.14 and a one year high of $26.13. The company’s 50-day moving average price is $17.52 and its 200 day moving average price is $18.90.
DSW declared that its board has initiated a share repurchase plan on Tuesday, August 22nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. DSW’s payout ratio is presently 54.05%.
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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