Equities analysts expect that DSW Inc. (NYSE:DSW) will announce $667.06 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for DSW’s earnings, with the highest sales estimate coming in at $678.43 million and the lowest estimate coming in at $659.54 million. DSW posted sales of $658.94 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 29th.
According to Zacks, analysts expect that DSW will report full-year sales of $667.06 million for the current fiscal year, with estimates ranging from $2.77 billion to $2.84 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.88 billion per share, with estimates ranging from $2.78 billion to $3.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover DSW.
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 business had revenue of $691.10 million for the quarter, compared to the consensus estimate of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS.
A number of equities analysts have issued reports on DSW shares. CL King upgraded DSW from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. ValuEngine downgraded DSW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price objective on shares of DSW in a report on Tuesday, May 16th. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, BidaskClub upgraded DSW from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. DSW presently has an average rating of “Hold” and a consensus target price of $21.64.
In other DSW news, Director Joanne Zaiac sold 4,219 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the transaction, the director now directly owns 4,313 shares of the company’s stock, valued at $76,857.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 12,242 shares in the company, valued at $220,356. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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 during the last quarter. Vanguard Group Inc. boosted its position in shares of DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock valued at $119,615,000 after buying an additional 788,073 shares during the last quarter. FMR LLC boosted its position in shares of DSW by 4.2% in the first quarter. FMR LLC now owns 5,758,260 shares of the company’s stock valued at $119,081,000 after buying an additional 229,685 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DSW by 36.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock valued at $87,390,000 after buying an additional 1,135,336 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock valued at $49,809,000 after buying an additional 1,264,730 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of DSW (NYSE DSW) traded down 0.35% during mid-day trading on Wednesday, reaching $17.06. 671,546 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.37 billion, a P/E ratio of 11.84 and a beta of 0.83. DSW has a one year low of $15.98 and a one year high of $26.22. The stock has a 50-day moving average of $17.22 and a 200 day moving average of $19.45.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 annualized dividend and a yield of 4.69%. DSW’s payout ratio is 55.94%.
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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