DSW, Inc. (NYSE:DSW) – Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for DSW in a research report issued on Tuesday, March 13th, according to Zacks Investment Research. Jefferies Group analyst R. Konik expects that the company will earn $0.33 per share for the quarter. Jefferies Group also issued estimates for DSW’s Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.50 EPS, FY2019 earnings at $1.62 EPS and FY2020 earnings at $1.75 EPS.
A number of other research analysts also recently commented on DSW. ValuEngine downgraded DSW from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Canaccord Genuity restated a “hold” rating and set a $22.00 price objective (up from $20.00) on shares of DSW in a research note on Wednesday, March 14th. B. Riley set a $22.00 price objective on DSW and gave the stock a “neutral” rating in a research note on Wednesday, March 14th. Deutsche Bank upped their price objective on DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a research note 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 for the company in a research note on Tuesday, February 27th. 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. DSW has a consensus rating of “Hold” and an average target price of $21.40.
DSW stock opened at $21.90 on Wednesday. The company has a market cap of $1,789.53, a P/E ratio of 14.41, a PEG ratio of 1.90 and a beta of 0.63. DSW has a 12-month low of $15.14 and a 12-month high of $22.78.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The business had revenue of $720.00 million for 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 business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 6th. Stockholders 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 dividend yield of 4.57%. DSW’s dividend payout ratio is presently 65.79%.
In other news, EVP William L. Jordan sold 34,412 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 20.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in DSW by 4.1% during the fourth quarter. BlackRock Inc. now owns 8,951,335 shares of the company’s stock valued at $191,647,000 after buying an additional 354,481 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DSW by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 6,051,238 shares of the company’s stock valued at $129,980,000 after buying an additional 76,593 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in DSW by 6.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,816,190 shares of the company’s stock valued at $81,972,000 after buying an additional 236,506 shares in the last quarter. Greenlight Capital Inc. boosted its stake in DSW by 35.1% during the third quarter. Greenlight Capital Inc. now owns 3,049,000 shares of the company’s stock valued at $65,492,000 after buying an additional 792,894 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in DSW by 10.4% during the fourth quarter. Royce & Associates LP now owns 2,314,513 shares of the company’s stock valued at $49,554,000 after buying an additional 217,410 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.
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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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