Jefferies Group Weighs in on DSW Inc.’s FY2018 Earnings (DSW)
DSW Inc. (NYSE:DSW) – Equities research analysts at Jefferies Group upped their FY2018 EPS estimates for DSW in a research report issued on Tuesday. Jefferies Group analyst R. Konik now expects that the company will post earnings per share of $1.48 for the year, up from their previous forecast of $1.46. Jefferies Group currently has a “Hold” rating and a $20.00 price target on the stock. Jefferies Group also issued estimates for DSW’s Q4 2018 earnings at $0.24 EPS and FY2019 earnings at $1.58 EPS.
Several other research analysts have also commented on the company. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $21.00 price target on shares of DSW in a research report on Thursday. Citigroup Inc. lifted their price target on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of DSW in a research report on Wednesday. Buckingham Research set a $18.00 price target on DSW and gave the stock a “hold” rating in a research report on Tuesday. Finally, B. Riley upgraded DSW from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.50 to $22.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.83.
DSW (DSW) traded up 2.84% during trading on Thursday, reaching $19.53. The company’s stock had a trading volume of 1,598,342 shares. The stock has a 50-day moving average price of $17.41 and a 200 day moving average price of $18.91. The company has a market cap of $1.57 billion, a PE ratio of 13.55 and a beta of 0.83. DSW has a 52-week low of $15.14 and a 52-week high of $26.20.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, September 18th. DSW’s payout ratio is 55.94%.
DSW declared that its board has authorized a share buyback program on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 33.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, Director Joanne Zaiac sold 4,219 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the transaction, the director now owns 4,313 shares in the company, valued at approximately $76,857.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the transaction, the director now 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 currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSW. FNY Managed Accounts LLC acquired a new stake in DSW during the first quarter worth approximately $100,000. Ameritas Investment Partners Inc. purchased a new stake in DSW during the first quarter valued at $120,000. State of Tennessee Treasury Department purchased a new stake in DSW during the first quarter valued at $143,000. State of Alaska Department of Revenue purchased a new stake in DSW during the first quarter valued at $154,000. Finally, PNC Financial Services Group Inc. boosted 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 during the period. Hedge funds and other institutional investors own 83.62% of the company’s stock.
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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