Zacks: Analysts Anticipate DSW Inc. (NYSE:DSW) Will Post Earnings of $0.29 Per Share
Brokerages expect DSW Inc. (NYSE:DSW) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for DSW’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.30. DSW reported earnings per share of $0.35 in the same quarter last year, which indicates a negative year-over-year growth rate of 17.1%. The business is scheduled to report its next quarterly earnings results on Tuesday, August 29th.
On average, analysts expect that DSW will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.48. For the next fiscal year, analysts expect that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.31 to $1.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for DSW.
DSW (NYSE:DSW) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $684.34 million. During the same period in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year.
A number of research firms have issued reports on DSW. Citigroup Inc. decreased their target price on DSW from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Telsey Advisory Group decreased their target price on DSW from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 24th. B. Riley reiterated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research report on Wednesday, May 24th. BidaskClub upgraded DSW from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.53.
Shares of DSW (NYSE:DSW) opened at 18.39 on Monday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 12.76 and a beta of 0.83. The firm’s 50-day moving average is $17.40 and its 200-day moving average is $19.27. DSW has a one year low of $15.98 and a one year high of $26.22.
In related news, Director Harvey L. Sonnenberg sold 8,439 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the sale, the director now directly owns 12,242 shares in the company, valued at $220,356. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of the company’s 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 in the company, valued at $76,857.66. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted 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 last quarter. Vanguard Group Inc. raised its position 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 raised its position 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 raised its position 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 raised its position 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. Institutional investors and hedge funds own 88.08% of the company’s stock.
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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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