DSW Inc. (NYSE:DSW) Expected to Post Quarterly Sales of $667.06 Million
Analysts predict that DSW Inc. (NYSE:DSW) will announce $667.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for DSW’s earnings, with the lowest sales estimate coming in at $659.54 million and the highest estimate coming in at $678.43 million. DSW reported sales of $658.94 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The business is scheduled to report its next quarterly earnings report 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 fiscal year, analysts expect that the firm will post 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 research firms that follow DSW.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. DSW had a return on equity of 12.06% and a net margin of 4.32%. The firm had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.
DSW has been the topic of several analyst reports. CL King raised shares of DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. ValuEngine downgraded shares of DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $19.00 target price on shares of DSW in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, BidaskClub raised shares of DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.64.
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DSW (NYSE DSW) traded up 0.60% during midday trading on Wednesday, hitting $16.82. 349,284 shares of the stock traded hands. The stock’s 50-day moving average price is $17.20 and its 200 day moving average price is $19.49. DSW has a 52 week low of $15.98 and a 52 week high of $26.22. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.67 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Tuesday, June 13th. DSW’s payout ratio is currently 55.94%.
In related news, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total value of $75,182.58. Following the completion of the sale, the director now directly owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the completion of the sale, the director now directly owns 12,242 shares of the company’s stock, valued at $220,356. The disclosure for this sale can be found here. 20.40% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in DSW. FNY Managed Accounts LLC purchased a new stake in DSW during the first quarter valued at about $100,000. Ameritas Investment Partners Inc. purchased a new stake in DSW during the first quarter valued at about $120,000. State of Tennessee Treasury Department purchased a new stake in DSW during the first quarter valued at about $143,000. State of Alaska Department of Revenue purchased a new stake in DSW during the first quarter valued at about $154,000. Finally, PNC Financial Services Group Inc. raised its stake in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares in the last quarter. 89.52% of the stock is owned by institutional investors.
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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