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.
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%.
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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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