DSW Inc. Forecasted to Post Q2 2018 Earnings of $0.30 Per Share (NYSE:DSW)
DSW Inc. (NYSE:DSW) – Equities research analysts at Wedbush dropped their Q2 2018 earnings estimates for DSW in a research report issued on Wednesday. Wedbush analyst C. Svezia now anticipates that the company will post earnings per share of $0.30 for the quarter, down from their previous estimate of $0.31. Wedbush has a “Outperform” rating and a $22.00 price target on the stock. Wedbush also issued estimates for DSW’s Q4 2018 earnings at $0.31 EPS.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The company had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the stock. Citigroup Inc. cut their target price on shares of DSW from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. B. Riley reaffirmed a “neutral” rating and issued a $18.50 target price on shares of DSW in a report on Wednesday, May 24th. Telsey Advisory Group dropped their price objective on shares of DSW from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 24th. BidaskClub raised shares of DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Cleveland Research raised shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. DSW has an average rating of “Hold” and a consensus price target of $21.53.
Shares of DSW (NYSE DSW) traded up 3.48% on Thursday, reaching $18.46. 769,518 shares of the company’s stock were exchanged. DSW has a one year low of $15.98 and a one year high of $26.22. The firm has a market capitalization of $1.48 billion, a P/E ratio of 12.81 and a beta of 0.83. The firm has a 50 day moving average of $17.27 and a 200 day moving average of $19.35.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares during the period. Vanguard Group Inc. increased its stake in shares of DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock valued at $119,615,000 after buying an additional 788,073 shares during the period. FMR LLC increased its stake in shares of DSW by 4.2% in the first quarter. FMR LLC now owns 5,758,260 shares of the company’s stock valued at $119,081,000 after buying an additional 229,685 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of DSW by 36.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock valued at $87,390,000 after buying an additional 1,135,336 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock valued at $49,809,000 after buying an additional 1,264,730 shares during the period. 89.49% of the stock is owned by institutional investors.
In other DSW 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 owns 4,313 shares of the company’s stock, valued at $76,857.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were 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 approximately $220,356. The disclosure for this sale can be found here. 20.40% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.48%. The ex-dividend date was Tuesday, June 13th. DSW’s dividend payout ratio (DPR) is 55.94%.
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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