DSW Inc. (DSW) Expected to Announce Earnings of $0.54 Per Share
Brokerages expect DSW Inc. (NYSE:DSW) to report earnings per share (EPS) of $0.54 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for DSW’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.56. DSW reported earnings of $0.51 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Tuesday, November 28th.
According to Zacks, analysts expect that DSW will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.51. For the next year, analysts forecast that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.37 to $1.59. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow DSW.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share.
Several research firms recently issued reports on DSW. B. Riley restated a “buy” rating and set a $22.00 price target on shares of DSW in a research report on Monday, August 28th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $21.00 price target on shares of DSW in a research report on Thursday, August 24th. Jefferies Group LLC set a $20.00 price target on DSW and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Citigroup Inc. raised their price target on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $22.00 price target (up from $21.00) on shares of DSW in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.75.
DSW (NYSE:DSW) traded up 1.88% during trading on Tuesday, hitting $19.47. The company had a trading volume of 1,660,756 shares. DSW has a 1-year low of $15.14 and a 1-year high of $25.96. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.05 and a beta of 0.80. The company’s 50 day moving average price is $18.04 and its 200-day moving average price is $18.66.
DSW announced that its Board of Directors has approved a stock buyback program on Tuesday, August 22nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 33.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Monday, September 18th. DSW’s payout ratio is currently 54.05%.
In related news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction 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 of the company’s stock, valued at $220,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Jordan sold 2,666 shares of DSW stock in a transaction on Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the sale, the executive vice president now directly owns 44,254 shares of the company’s stock, valued at approximately $886,407.62. The disclosure for this sale can be found here. Insiders sold 120,476 shares of company stock valued at $2,356,471 in the last ninety days. 20.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of DSW. Teachers Advisors LLC grew its holdings in shares of DSW by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 123,121 shares of the company’s stock worth $2,789,000 after acquiring an additional 1,645 shares during the period. Louisiana State Employees Retirement System bought a new stake in DSW during the first quarter valued at about $569,000. Nisa Investment Advisors LLC grew its holdings in DSW by 26.4% during the first quarter. Nisa Investment Advisors LLC now owns 33,004 shares of the company’s stock valued at $683,000 after purchasing an additional 6,900 shares during the period. Profund Advisors LLC bought a new stake in DSW during the first quarter valued at about $313,000. Finally, Janney Montgomery Scott LLC bought a new stake in DSW during the first quarter valued at about $256,000. 85.55% of the stock is owned by institutional investors.
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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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