DSW Inc. (NYSE:DSW) – William Blair dropped their Q3 2019 earnings per share (EPS) estimates for DSW in a note issued to investors on Tuesday, August 28th. William Blair analyst D. Carden now forecasts that the company will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.51. William Blair also issued estimates for DSW’s FY2019 earnings at $1.68 EPS, Q2 2020 earnings at $0.62 EPS and Q4 2020 earnings at $0.21 EPS.

DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. DSW had a return on equity of 15.75% and a net margin of 0.06%. The business had revenue of $793.70 million during the quarter, compared to analyst estimates of $689.41 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. DSW’s revenue for the quarter was up 16.4% on a year-over-year basis.

Several other analysts have also issued reports on DSW. B. Riley boosted their price target on DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday. Canaccord Genuity set a $27.00 price target on DSW and gave the company a “hold” rating in a report on Wednesday. MKM Partners boosted their price target on DSW to $33.00 and gave the company a “neutral” rating in a report on Wednesday. ValuEngine raised DSW from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Deutsche Bank boosted their price target on DSW from $24.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.92.

NYSE:DSW opened at $32.28 on Friday. DSW has a 52-week low of $17.75 and a 52-week high of $34.02. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 2.88 and a beta of 0.63.

Several large investors have recently bought and sold shares of DSW. US Bancorp DE lifted its position in shares of DSW by 392.7% in the second quarter. US Bancorp DE now owns 3,927 shares of the company’s stock worth $102,000 after buying an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of DSW by 1,340.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock worth $112,000 after buying an additional 3,995 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of DSW in the second quarter worth about $119,000. SG Americas Securities LLC purchased a new stake in shares of DSW in the first quarter worth about $125,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of DSW in the second quarter worth about $125,000. Institutional investors own 89.18% of the company’s stock.

In other news, CFO Jared A. Poff sold 1,960 shares of the company’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the transaction, the chief financial officer now owns 11,785 shares of the company’s stock, valued at $300,163.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.70% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Monday, September 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, September 21st. DSW’s dividend payout ratio (DPR) is 65.79%.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Earnings History and Estimates for DSW (NYSE:DSW)

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