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%.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/14/dsw-inc-dsw-forecasted-to-post-fy2019-earnings-of-1-80-per-share.html.
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.
Get a free copy of the Zacks research report on DSW (DSW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.