Zacks: Brokerages Anticipate DSW Inc. (DSW) Will Post Quarterly Sales of $723.24 Million

Equities analysts expect DSW Inc. (NYSE:DSW) to report sales of $723.24 million for the current quarter, Zacks reports. Six analysts have made estimates for DSW’s earnings, with estimates ranging from $715.79 million to $731.30 million. DSW posted sales of $674.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, March 13th.

On average, analysts expect that DSW will report full-year sales of $723.24 million for the current fiscal year, with estimates ranging from $2.80 billion to $2.81 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.86 billion per share, with estimates ranging from $2.78 billion to $3.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for DSW.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.08). The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $710.24 million. DSW had a net margin of 3.13% and a return on equity of 11.43%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share.

A number of research analysts have commented on DSW shares. Standpoint Research upgraded DSW from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Jefferies Group set a $20.00 price objective on DSW and gave the company a “hold” rating in a research report on Tuesday, October 31st. Wedbush lowered DSW from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $20.00 in a research report on Wednesday, November 1st. B. Riley lowered DSW from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $20.00 in a research report on Thursday, November 2nd. Finally, Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.25.

Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of DSW by 59.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 20,440 shares of the company’s stock worth $438,000 after purchasing an additional 7,630 shares during the last quarter. Boston Partners bought a new position in shares of DSW in the 4th quarter worth $2,955,000. Quantitative Systematic Strategies LLC boosted its position in shares of DSW by 44.9% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 15,053 shares of the company’s stock worth $322,000 after purchasing an additional 4,662 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in shares of DSW by 397.4% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock worth $16,030,000 after purchasing an additional 598,171 shares during the last quarter. Finally, Unison Advisors LLC bought a new position in shares of DSW in the 4th quarter worth $273,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

DSW (NYSE:DSW) opened at $18.38 on Tuesday. The company has a market capitalization of $1,567.94, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.76. DSW has a 12-month low of $15.14 and a 12-month high of $22.72.

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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.

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Earnings History and Estimates for DSW (NYSE:DSW)

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