Analysts Anticipate DSW Inc. (DSW) Will Announce Quarterly Sales of $723.24 Million

Wall Street analysts forecast that DSW Inc. (NYSE:DSW) will post sales of $723.24 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for DSW’s earnings. The lowest sales estimate is $715.79 million and the highest is $731.30 million. DSW posted sales of $674.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 13th.

On average, analysts expect that DSW will report full-year sales of $723.24 million for the current financial year, with estimates ranging from $2.80 billion to $2.81 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.86 billion per share, with estimates ranging from $2.78 billion to $3.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover DSW.

DSW (NYSE:DSW) last released its earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.08). DSW had a net margin of 3.13% and a return on equity of 11.43%. The firm had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $710.24 million. During the same quarter last year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year.

A number of analysts have issued reports on the stock. UBS Group upgraded shares of DSW from a “neutral” rating to a “positive” rating in a report on Thursday, November 16th. Canaccord Genuity set a $22.00 price target on shares of DSW and gave the company a “hold” rating in a report on Sunday, January 7th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Thursday, September 28th. Wedbush downgraded shares of DSW from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $20.00 in a report on Wednesday, November 1st. Finally, Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.42.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in shares of DSW in the 2nd quarter worth about $258,000. MIG Capital LLC increased its holdings in shares of DSW by 12.6% in the 2nd quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock worth $34,692,000 after buying an additional 218,792 shares during the last quarter. FMR LLC increased its holdings in shares of DSW by 9.3% in the 2nd quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after buying an additional 533,713 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of DSW by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after buying an additional 297,463 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of DSW in the 3rd quarter worth about $7,176,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Shares of DSW (DSW) traded up $0.65 during midday trading on Friday, reaching $21.76. 4,348,577 shares of the company’s stock were exchanged, compared to its average volume of 1,009,739. The company has a market cap of $1,688.74, a P/E ratio of 15.64, a P/E/G ratio of 2.39 and a beta of 0.85. DSW has a one year low of $15.14 and a one year high of $22.72.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. DSW’s dividend payout ratio (DPR) is presently 75.47%.

WARNING: “Analysts Anticipate DSW Inc. (DSW) Will Announce Quarterly Sales of $723.24 Million” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/20/analysts-anticipate-dsw-inc-dsw-will-announce-quarterly-sales-of-723-24-million.html.

About DSW

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.

Get a free copy of the Zacks research report on DSW (DSW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DSW (NYSE:DSW)

Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply