DSW Inc. Expected to Post FY2019 Earnings of $1.80 Per Share (NYSE:DSW)

DSW Inc. (NYSE:DSW) – Wedbush raised their FY2019 earnings estimates for shares of DSW in a research note issued on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now expects that the company will post earnings of $1.80 per share for the year, up from their previous forecast of $1.51. Wedbush currently has a “Neutral” rating and a $20.00 target price on the stock.

DSW (NYSE:DSW) last issued its earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $710.24 million. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis.

DSW has been the subject of several other reports. Zacks Investment Research cut shares of DSW from a “strong-buy” rating to a “hold” rating in a report on Friday, November 3rd. Jefferies Group reissued a “hold” rating and set a $20.00 price objective on shares of DSW in a report on Thursday, September 28th. UBS Group raised shares of DSW from a “neutral” rating to a “positive” rating in a report on Thursday, November 16th. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating in a report on Sunday, November 26th. Finally, B. Riley reissued a “hold” rating and set a $20.00 price objective on shares of DSW in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.42.

DSW (DSW) opened at $21.15 on Thursday. DSW has a twelve month low of $15.14 and a twelve month high of $22.72. The firm has a market cap of $1,691.94, a P/E ratio of 19.95, a PEG ratio of 2.38 and a beta of 0.85.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC grew its position in DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after buying an additional 815 shares during the period. Citigroup Inc. grew its position in DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock valued at $1,985,000 after buying an additional 1,099 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of DSW by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 39,938 shares of the company’s stock worth $707,000 after purchasing an additional 1,502 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of DSW by 2.7% in the second quarter. Oppenheimer & Co. Inc. now owns 62,739 shares of the company’s stock worth $1,111,000 after purchasing an additional 1,638 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of DSW by 8.1% in the second quarter. Victory Capital Management Inc. now owns 22,334 shares of the company’s stock worth $395,000 after purchasing an additional 1,670 shares during the period. Institutional investors own 89.13% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.78%. DSW’s dividend payout ratio (DPR) is 75.47%.

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DSW Company Profile

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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