Brokers Offer Predictions for DSW, Inc.’s Q1 2019 Earnings (NYSE:DSW)

DSW, Inc. (NYSE:DSW) – Equities researchers at Wedbush issued their Q1 2019 earnings per share estimates for DSW in a report issued on Wednesday, March 14th, according to Zacks Investment Research. Wedbush analyst C. Svezia anticipates that the company will post earnings of $0.42 per share for the quarter. Wedbush also issued estimates for DSW’s Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.62 EPS and FY2020 earnings at $1.73 EPS.

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DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share.

A number of other research firms also recently weighed in on DSW. ValuEngine downgraded DSW from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Zacks Investment Research downgraded DSW from a “buy” rating to a “hold” rating in a report on Monday, February 26th. B. Riley set a $22.00 target price on DSW and gave the stock a “neutral” rating in a report on Wednesday, March 14th. Deutsche Bank boosted their target price on DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $22.00 target price (up from $20.00) on shares of DSW in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.40.

NYSE DSW opened at $21.90 on Friday. The company has a market cap of $1,789.53, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.90 and a beta of 0.63. DSW has a 1-year low of $15.14 and a 1-year high of $22.78.

A number of hedge funds have recently bought and sold shares of DSW. First Trust Advisors LP raised its position in DSW by 8.6% in the 3rd quarter. First Trust Advisors LP now owns 163,661 shares of the company’s stock worth $3,515,000 after purchasing an additional 12,909 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in DSW in the 3rd quarter worth approximately $275,000. Prudential Financial Inc. raised its position in DSW by 1.1% in the 3rd quarter. Prudential Financial Inc. now owns 512,916 shares of the company’s stock worth $11,017,000 after purchasing an additional 5,520 shares during the last quarter. Principal Financial Group Inc. raised its position in DSW by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 547,631 shares of the company’s stock worth $11,763,000 after purchasing an additional 34,540 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in DSW in the 3rd quarter worth approximately $2,077,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

In other 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 transaction, the executive vice president now directly owns 88,705 shares of the company’s stock, valued at approximately $1,993,201.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.40% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a $0.25 dividend. This is an increase from DSW’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Thursday, March 22nd. DSW’s payout ratio is presently 65.79%.

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DSW Company Profile

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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Earnings History and Estimates for DSW (NYSE:DSW)

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