DSW Inc. (DSW) Declares Quarterly Dividend of $0.19
DSW (NYSE:DSW) declared a quarterly dividend on Wednesday, August 27th, American Banking & Market News reports. Investors of record on Friday, September 19th will be given a dividend of 0.1875 per share on Tuesday, September 30th. This represents a $0.75 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, September 17th.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of DSW from $30.00 to $34.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. On a related note, analysts at Sterne Agee reiterated an “underperform” rating on shares of DSW in a research note on Tuesday. Finally, analysts at MKM Partners raised their price target on shares of DSW from $32.00 to $36.00 in a research note on Tuesday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. DSW has a consensus rating of “Hold” and an average target price of $31.10.
DSW (NYSE:DSW) traded up 1.45% on Wednesday, hitting $31.44. 3,174,672 shares of the company’s stock traded hands. DSW has a 52 week low of $23.45 and a 52 week high of $47.55. The stock has a 50-day moving average of $27.49 and a 200-day moving average of $32.08. The company has a market cap of $3.094 billion and a price-to-earnings ratio of 18.34. DSW also was the recipient of some unusual options trading activity on Monday. Stock traders bought 4,344 call options on the stock. This is an increase of 550% compared to the typical daily volume of 668 call options.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $563.66 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that DSW will post $1.55 earnings per share for the current fiscal year.
DSW Inc (NYSE:DSW) is a United States branded footwear and accessories specialty retailer operating 326 shoe stores in 40 states as of January 28, 2012, and dsw.
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