Equities analysts expect DSW, Inc. (NYSE:DSW) to post earnings per share (EPS) of $0.36 for the current quarter, Zacks reports. Six analysts have made estimates for DSW’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.42. DSW posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The firm is scheduled to announce its next earnings report on Tuesday, May 22nd.
On average, analysts expect that DSW will report full-year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.59 to $1.65. For the next fiscal year, analysts forecast that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.69 to $1.86. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow DSW.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. DSW had a return on equity of 12.86% and a net margin of 2.40%. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $728.46 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis.
Several equities research analysts have weighed in on DSW shares. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, February 27th. ValuEngine lowered DSW from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Canaccord Genuity reissued a “hold” rating and issued a $22.00 price target (up previously from $20.00) on shares of DSW in a research note on Wednesday, March 14th. B. Riley set a $22.00 price target on DSW and gave the stock a “neutral” rating in a research note on Wednesday, March 14th. Finally, TheStreet raised DSW from a “c+” rating to a “b” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. DSW presently has an average rating of “Hold” and an average price target of $21.40.
In related news, EVP William L. Jordan sold 34,412 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the transaction, the executive vice president now owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DSW. Brown Advisory Inc. bought a new position in DSW during the fourth quarter valued at about $23,213,000. Greenlight Capital Inc. boosted its position in shares of DSW by 35.1% in the 3rd quarter. Greenlight Capital Inc. now owns 3,049,000 shares of the company’s stock valued at $65,492,000 after purchasing an additional 792,894 shares during the period. Mesirow Financial Investment Management Equity Management boosted its position in shares of DSW by 397.4% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock valued at $16,030,000 after purchasing an additional 598,171 shares during the period. Clark Capital Management Group Inc. boosted its position in shares of DSW by 948.0% in the 4th quarter. Clark Capital Management Group Inc. now owns 645,239 shares of the company’s stock valued at $13,815,000 after purchasing an additional 583,672 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of DSW by 36.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,576,873 shares of the company’s stock valued at $33,760,000 after purchasing an additional 421,408 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DSW opened at $22.05 on Friday. DSW has a 1-year low of $15.14 and a 1-year high of $22.78. The firm has a market capitalization of $1,765.53, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.88 and a beta of 0.63.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 23rd were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 22nd. This represents a $1.00 annualized dividend and a yield of 4.54%. This is a boost from DSW’s previous quarterly dividend of $0.20. DSW’s dividend payout ratio (DPR) is currently 65.79%.
DSW Company Profile
DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.
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