DSW Inc. (DSW) to Post FY2018 Earnings of $1.49 Per Share, Wedbush Forecasts
DSW Inc. (NYSE:DSW) – Equities research analysts at Wedbush cut their FY2018 earnings per share (EPS) estimates for DSW in a research report issued to clients and investors on Wednesday. Wedbush analyst C. Svezia now forecasts that the company will earn $1.49 per share for the year, down from their prior estimate of $1.53. Wedbush currently has a “Neutral” rating and a $20.00 target price on the stock. Wedbush also issued estimates for DSW’s FY2019 earnings at $1.61 EPS.
DSW has been the topic of several other research reports. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target on shares of DSW in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of DSW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $21.00 price target on shares of DSW in a research note on Thursday, August 24th. Deutsche Bank AG upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, July 25th. Finally, B. Riley upgraded shares of DSW from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.50 to $22.00 in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $21.12.
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Shares of DSW (DSW) traded down $0.14 during trading hours on Monday, hitting $18.60. 896,383 shares of the company’s stock traded hands, compared to its average volume of 1,890,000. DSW has a 12 month low of $15.14 and a 12 month high of $25.96. The firm has a market capitalization of $1,500.00, a price-to-earnings ratio of 13.40, a P/E/G ratio of 2.04 and a beta of 0.79.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. DSW had a net margin of 4.41% and a return on equity of 12.12%. The firm had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. During the same quarter last year, the company posted $0.35 earnings per share. DSW’s revenue was up 3.2% on a year-over-year basis.
DSW declared that its board has approved a share repurchase program on Tuesday, August 22nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 33.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of DSW stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the transaction, the chairman now owns 199,445 shares in the company, valued at $3,988,900. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William L. Jordan sold 10,000 shares of DSW stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the completion of the transaction, the executive vice president now owns 51,588 shares in the company, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,891 shares of company stock worth $2,559,458. 20.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of DSW. BlackRock Inc. grew its position in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after buying an additional 8,327,020 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DSW by 41.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after purchasing an additional 1,748,831 shares during the period. Vanguard Group Inc. boosted its stake in DSW by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock worth $119,615,000 after purchasing an additional 788,073 shares during the period. FMR LLC boosted its stake in DSW by 9.3% in the 2nd quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after purchasing an additional 533,713 shares during the period. Finally, GLG Partners LP acquired a new position in DSW in the 2nd quarter worth approximately $9,061,000. Hedge funds and other institutional investors own 85.90% of the company’s stock.
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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