Analysts expect DSW Inc. (NYSE:DSW) to post $788.36 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for DSW’s earnings. The highest sales estimate is $811.80 million and the lowest is $765.60 million. DSW reported sales of $708.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, December 11th.
On average, analysts expect that DSW will report full year sales of $3.04 billion for the current financial year, with estimates ranging from $3.02 billion to $3.07 billion. For the next financial year, analysts forecast that the company will report sales of $3.20 billion, with estimates ranging from $3.15 billion to $3.27 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for DSW.
Several brokerages recently issued reports on DSW. Wedbush lifted their price target on shares of DSW from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. Telsey Advisory Group lifted their price target on shares of DSW from $24.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, August 29th. Wells Fargo & Co lifted their price target on shares of DSW from $22.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 29th. B. Riley raised their price objective on shares of DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Finally, Susquehanna Bancshares cut shares of DSW from a “neutral” rating to a “negative” rating and lowered their price objective for the company from $26.00 to $22.00 in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. DSW presently has an average rating of “Hold” and a consensus price target of $29.64.
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its position in DSW by 392.7% in the 2nd quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after acquiring an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of DSW by 1,340.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock worth $112,000 after buying an additional 3,995 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of DSW during the 2nd quarter worth approximately $125,000. Essex Investment Management Co. LLC acquired a new stake in shares of DSW during the 3rd quarter worth approximately $201,000. Finally, Virtu Financial LLC acquired a new stake in shares of DSW during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.
Shares of DSW stock opened at $24.21 on Friday. DSW has a 12-month low of $18.01 and a 12-month high of $34.63. The stock has a market cap of $2.12 billion, a P/E ratio of 15.93, a PEG ratio of 1.70 and a beta of 1.12.
DSW Company Profile
DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.
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