FY2019 EPS Estimates for DSW Inc. Increased by Wedbush (DSW)
DSW Inc. (NYSE:DSW) – Equities research analysts at Wedbush lifted their FY2019 EPS estimates for shares of DSW in a research note issued on Tuesday. Wedbush analyst C. Svezia now anticipates that the company will earn $1.80 per share for the year, up from their previous forecast of $1.51. Wedbush has a “Neutral” rating and a $20.00 price target on the stock.
DSW has been the subject of a number of other reports. Zacks Investment Research lowered shares of DSW from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 3rd. Jefferies Group restated a “hold” rating and issued a $20.00 price objective on shares of DSW in a report on Thursday, September 28th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $21.00 target price on shares of DSW in a research report on Thursday, August 24th. UBS raised DSW from a “neutral” rating to a “positive” rating in a research report on Thursday, November 16th. Finally, B. Riley raised DSW from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.50 to $22.00 in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.58.
Shares of DSW (NYSE:DSW) traded up $0.13 during midday trading on Thursday, reaching $21.60. 1,174,169 shares of the company’s stock were exchanged, compared to its average volume of 2,106,434. DSW has a 52 week low of $15.14 and a 52 week high of $23.96. The firm has a market cap of $1,706.34, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.08). The firm had revenue of $708.30 million for the quarter, compared to the consensus estimate of $710.24 million. DSW had a return on equity of 11.43% and a net margin of 3.13%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 3.70%. DSW’s dividend payout ratio (DPR) is presently 75.47%.
In other DSW news, Chairman Deborah L. Ferree sold 10,073 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $21.53, for a total value of $216,871.69. Following the completion of the transaction, the chairman now owns 113,920 shares of the company’s stock, valued at approximately $2,452,697.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William L. Jordan sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the completion of the transaction, the executive vice president now directly owns 51,588 shares of the company’s stock, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
Several hedge funds have recently modified their holdings of DSW. Dimensional Fund Advisors LP boosted its holdings in DSW by 41.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after acquiring an additional 1,748,831 shares in the last quarter. Greenlight Capital Inc. increased its position in shares of 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 acquiring an additional 792,894 shares during the last quarter. FMR LLC increased its position in DSW by 9.3% in the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after buying an additional 533,713 shares during the last quarter. GLG Partners LP purchased a new stake in DSW in the second quarter worth $9,061,000. Finally, ClariVest Asset Management LLC purchased a new stake in DSW in the third quarter worth $7,176,000. 89.13% of the stock is owned by institutional investors.
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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