DSW Inc. (DSW) Expected to Announce Earnings of $0.46 Per Share

Equities analysts predict that DSW Inc. (NYSE:DSW) will report $0.46 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for DSW’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.45. DSW posted earnings per share of $0.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.1%. The company is expected to announce its next quarterly earnings report on Tuesday, August 28th.

According to Zacks, analysts expect that DSW will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.60 to $1.63. For the next year, analysts anticipate that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.64 to $1.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover DSW.

DSW (NYSE:DSW) last announced its earnings results on Wednesday, May 30th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. DSW had a return on equity of 13.42% and a net margin of 2.43%. The firm had revenue of $712.10 million for the quarter, compared to the consensus estimate of $683.83 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.

Several analysts have weighed in on DSW shares. Deutsche Bank downgraded DSW from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research note on Wednesday, May 23rd. Canaccord Genuity set a $22.00 price target on DSW and gave the company a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, July 31st. Susquehanna Bancshares reiterated a “neutral” rating on shares of DSW in a research note on Thursday, May 31st. Finally, B. Riley set a $23.00 price target on DSW and gave the company a “hold” rating in a research note on Thursday, May 31st. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.30.

DSW traded up $0.08, hitting $27.68, on Friday, MarketBeat.com reports. 1,444,448 shares of the company’s stock were exchanged, compared to its average volume of 987,909. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. DSW has a 12-month low of $15.14 and a 12-month high of $28.34.

In other DSW news, CFO Jared A. Poff sold 1,960 shares of the business’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total transaction of $49,921.20. Following the sale, the chief financial officer now owns 11,785 shares in the company, valued at approximately $300,163.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.70% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Foresters Investment Management Company Inc. lifted its holdings in shares of DSW by 0.4% in the 1st quarter. Foresters Investment Management Company Inc. now owns 1,192,250 shares of the company’s stock valued at $26,778,000 after buying an additional 5,100 shares during the period. Swiss National Bank lifted its holdings in shares of DSW by 5.0% in the 1st quarter. Swiss National Bank now owns 113,800 shares of the company’s stock valued at $2,556,000 after buying an additional 5,400 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of DSW by 7.9% in the 1st quarter. Thrivent Financial for Lutherans now owns 48,672 shares of the company’s stock valued at $1,093,000 after buying an additional 3,552 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of DSW by 3.2% in the 1st quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock valued at $2,698,000 after buying an additional 3,767 shares during the period. Finally, Boston Private Wealth LLC lifted its holdings in shares of DSW by 18.7% in the 1st quarter. Boston Private Wealth LLC now owns 28,950 shares of the company’s stock valued at $650,000 after buying an additional 4,562 shares during the period. 95.49% of the stock is owned by institutional investors and hedge funds.

DSW Company Profile

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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