Wall Street analysts predict that DSW Inc. (NYSE:DSW) will report $723.24 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for DSW’s earnings, with estimates ranging from $715.79 million to $731.30 million. DSW reported sales of $674.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The company is expected to issue its next earnings report on Tuesday, March 13th.
According to Zacks, analysts expect that DSW will report full-year sales of $723.24 million for the current year, with estimates ranging from $2.80 billion to $2.81 billion. For the next financial year, analysts expect that the firm 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 an average based on a survey of sell-side research analysts that cover DSW.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, November 21st. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.08). DSW had a return on equity of 11.43% and a net margin of 3.13%. The business had revenue of $708.30 million for the quarter, compared to analyst estimates of $710.24 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year.
Several research analysts recently commented on the stock. Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Wedbush restated an “ourperform” rating and set a $23.00 target price on shares of DSW in a report on Monday, September 25th. Susquehanna Bancshares upgraded shares of DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price for the company in a report on Thursday, November 16th. Jefferies Group set a $20.00 target price on shares of DSW and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Buckingham Research increased their target price on shares of DSW from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.
Shares of DSW (DSW) traded down $0.22 on Wednesday, reaching $20.95. 1,460,000 shares of the company traded hands, compared to its average volume of 1,890,000. DSW has a fifty-two week low of $15.14 and a fifty-two week high of $22.72. The firm has a market capitalization of $1,680.00, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.84.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Thursday, December 14th. DSW’s dividend payout ratio is currently 74.77%.
A number of hedge funds have recently made changes to their positions in the business. Citigroup Inc. lifted its stake in DSW by 1.0% in the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock valued at $1,985,000 after acquiring an additional 1,099 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in DSW by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 39,938 shares of the company’s stock valued at $707,000 after acquiring an additional 1,502 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in DSW by 2.7% in the second quarter. Oppenheimer & Co. Inc. now owns 62,739 shares of the company’s stock valued at $1,111,000 after acquiring an additional 1,638 shares during the last quarter. Victory Capital Management Inc. lifted its stake in DSW by 8.1% in the second quarter. Victory Capital Management Inc. now owns 22,334 shares of the company’s stock valued at $395,000 after acquiring an additional 1,670 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its stake in DSW by 4.3% in the second quarter. CIBC World Markets Inc. now owns 41,855 shares of the company’s stock valued at $741,000 after acquiring an additional 1,731 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
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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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