Analysts Expect DSW Inc. (DSW) Will Announce Quarterly Sales of $667.06 Million
Wall Street analysts expect DSW Inc. (NYSE:DSW) to post $667.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for DSW’s earnings. The highest sales estimate is $678.43 million and the lowest is $659.54 million. DSW posted sales of $658.94 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is expected to announce its next quarterly earnings results on Tuesday, August 29th.
According to Zacks, analysts expect that DSW will report full year sales of $667.06 million for the current financial year, with estimates ranging from $2.77 billion to $2.84 billion. For the next financial year, analysts forecast that the firm will report sales of $2.88 billion per share, with estimates ranging from $2.78 billion to $3.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow DSW.
DSW (NYSE:DSW) last issued its 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 company had revenue of $691.10 million during the quarter, compared to the consensus estimate of $684.34 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. DSW’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share.
DSW has been the topic of a number of analyst reports. Canaccord Genuity set a $19.00 target price on shares of DSW and gave the stock a “buy” rating in a research note on Saturday, February 25th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, March 8th. CL King raised shares of DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of DSW in a research note on Tuesday, March 14th. Finally, ValuEngine downgraded shares of DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.73.
Several hedge funds and other institutional investors have recently made changes to their positions in DSW. FNY Managed Accounts LLC acquired a new position in shares of DSW during the first quarter worth $100,000. Ameritas Investment Partners Inc. acquired a new position in shares of DSW during the first quarter worth $120,000. State of Tennessee Treasury Department acquired a new position in shares of DSW during the first quarter worth $143,000. State of Alaska Department of Revenue acquired a new position in shares of DSW during the first quarter worth $154,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 buying an additional 283 shares during the period. Hedge funds and other institutional investors own 92.20% of the company’s stock.
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Shares of DSW (NYSE DSW) traded up 1.537% during trading on Friday, reaching $16.845. 443,236 shares of the company’s stock were exchanged. The company has a 50 day moving average of $18.11 and a 200 day moving average of $20.46. DSW has a 12-month low of $15.98 and a 12-month high of $26.22. The stock has a market cap of $1.35 billion, a P/E ratio of 11.690 and a beta of 0.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, June 13th. DSW’s dividend payout ratio (DPR) is currently 55.94%.
DSW Company Profile
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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