DSW Inc. (NYSE:DSW) to Release Earnings on Tuesday
DSW Inc. (NYSE:DSW) is set to post its quarterly earnings results before the market opens on Tuesday, August 22nd. Analysts expect DSW to post earnings of $0.29 per share for the quarter. DSW has set its FY18 guidance at $1.45-1.55 EPS.
DSW (NYSE:DSW) last announced its quarterly 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. DSW had a net margin of 3.51% and a return on equity of 9.79%. The business 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 business posted $0.40 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect DSW to post $1.44 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.
DSW Inc. (DSW) opened at 16.96 on Tuesday. DSW Inc. has a one year low of $15.98 and a one year high of $26.22. The company has a market cap of $1.36 billion, a P/E ratio of 11.77 and a beta of 0.83. The company has a 50 day moving average of $17.60 and a 200-day moving average of $19.09.
Several brokerages recently issued reports on DSW. Zacks Investment Research raised shares of DSW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Wedbush raised shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Wednesday, July 26th. Deutsche Bank AG raised shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 25th. BidaskClub cut shares of DSW from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Cleveland Research upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. DSW currently has a consensus rating of “Hold” and an average target price of $21.53.
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 sale, the director now directly owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 in the company, valued at $220,356. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
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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