Wall Street brokerages predict that DSW Inc. (NYSE:DSW) will announce sales of $711.92 million for the current fiscal quarter, according to Zacks Investment Research. 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 posted sales of $696.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is expected to report its next quarterly earnings report on Tuesday, November 28th.
On average, analysts expect that DSW will report full year sales of $711.92 million for the current financial year, with estimates ranging from $2.77 billion to $2.82 billion. For the next financial year, analysts forecast that the company will report sales of $2.89 billion per share, with estimates ranging from $2.80 billion to $3.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for DSW.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS.
Several equities analysts have recently issued reports on the company. Deutsche Bank AG reissued a “buy” rating and set a $22.00 target price (up from $21.00) on shares of DSW in a research note on Wednesday, August 23rd. Standpoint Research cut DSW from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. B. Riley reissued a “buy” rating and set a $22.00 target price on shares of DSW in a research note on Monday, August 28th. Zacks Investment Research raised DSW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Buckingham Research set a $18.00 target price on DSW and gave the company a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. DSW presently has a consensus rating of “Hold” and an average target price of $21.96.
In other DSW news, EVP William L. Jordan sold 10,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the sale, the executive vice president now directly owns 51,588 shares of the company’s stock, valued at $1,099,856.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Jordan sold 15,100 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $19.00, for a total value of $286,900.00. Following the completion of the sale, the executive vice president now directly owns 56,688 shares in the company, valued at $1,077,072. The disclosure for this sale can be found here. Insiders sold 127,891 shares of company stock worth $2,559,458 over the last three months. Corporate insiders own 20.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new stake in DSW in the first quarter worth $120,000. State of Tennessee Treasury Department bought a new stake in DSW in the first quarter worth $143,000. Robeco Institutional Asset Management B.V. bought a new stake in DSW in the third quarter worth $152,000. PNC Financial Services Group Inc. boosted its holdings in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after acquiring an additional 283 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in DSW in the third quarter worth $223,000. 85.55% of the stock is currently owned by institutional investors and hedge funds.
DSW (DSW) opened at 20.40 on Friday. DSW has a 12-month low of $15.14 and a 12-month high of $25.96. The company has a market capitalization of $1.64 billion, a PE ratio of 13.67 and a beta of 0.83. The firm’s 50 day moving average price is $20.07 and its 200-day moving average price is $18.69.
DSW announced that its board has approved a stock buyback program on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.92%. The ex-dividend date was Monday, September 18th. DSW’s dividend payout ratio (DPR) is 54.05%.
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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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