DSW, Inc. (NYSE:DSW) – Investment analysts at Jefferies Group issued their Q4 2019 earnings per share estimates for shares of DSW in a research note issued on Tuesday, March 13th, Zacks Investment Research reports. Jefferies Group analyst R. Konik expects that the company will earn $0.42 per share for the quarter.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS.
Several other equities analysts have also recently weighed in on DSW. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. B. Riley set a $22.00 price objective on DSW and gave the company a “neutral” rating in a report on Wednesday, March 14th. Canaccord Genuity reiterated a “hold” rating and set a $22.00 price objective (up previously from $20.00) on shares of DSW in a report on Wednesday, March 14th. Deutsche Bank lifted their price objective on DSW from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, March 19th. Finally, Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.40.
DSW stock opened at $21.90 on Thursday. DSW has a 1 year low of $15.14 and a 1 year high of $22.78. The stock has a market cap of $1,789.53, a PE ratio of 14.41, a P/E/G ratio of 1.90 and a beta of 0.63.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were paid a $0.25 dividend. This is a boost from DSW’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, March 22nd. This represents a $1.00 annualized dividend and a yield of 4.57%. DSW’s payout ratio is presently 65.79%.
In other DSW news, EVP William L. Jordan sold 34,412 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total value of $773,237.64. Following the sale, the executive vice president now owns 88,705 shares in the company, valued at approximately $1,993,201.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. bought a new stake in DSW in the 4th quarter valued at approximately $100,000. Meadow Creek Investment Management LLC bought a new stake in DSW in the 4th quarter valued at approximately $114,000. Cerebellum GP LLC bought a new stake in DSW in the 4th quarter valued at approximately $129,000. Advisor Group Inc. lifted its stake in DSW by 240.4% in the 4th quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock valued at $176,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in DSW in the 3rd quarter valued at approximately $197,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
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DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.
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