DSW Inc. (DSW) Expected to Post Earnings of $0.51 Per Share

Wall Street analysts forecast that DSW Inc. (NYSE:DSW) will post $0.51 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for DSW’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.55. DSW posted earnings of $0.45 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business is scheduled to announce its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that DSW will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.81. For the next fiscal year, analysts forecast that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $2.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover DSW.

DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The business had revenue of $793.70 million during the quarter, compared to analyst estimates of $689.41 million. During the same quarter last year, the business earned $0.38 earnings per share. DSW’s quarterly revenue was up 16.4% compared to the same quarter last year.



Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, July 31st. Susquehanna Bancshares lowered shares of DSW from a “neutral” rating to a “negative” rating and lowered their target price for the stock from $26.00 to $22.00 in a report on Friday, August 17th. B. Riley set a $23.00 target price on shares of DSW and gave the stock a “hold” rating in a report on Friday, August 24th. UBS Group lowered shares of DSW to a “neutral” rating in a report on Friday, August 17th. Finally, Needham & Company LLC raised their target price on shares of DSW from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.92.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Foresters Investment Management Company Inc. increased its position in DSW by 0.4% during the 1st quarter. Foresters Investment Management Company Inc. now owns 1,192,250 shares of the company’s stock valued at $26,778,000 after purchasing an additional 5,100 shares during the period. Brown Advisory Inc. grew its position in shares of DSW by 1.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,591,579 shares of the company’s stock worth $41,094,000 after buying an additional 16,173 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of DSW by 3.2% in the 1st quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after buying an additional 3,767 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of DSW by 111.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 771,500 shares of the company’s stock worth $19,920,000 after buying an additional 407,100 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of DSW in the 2nd quarter worth approximately $371,000. 89.15% of the stock is currently owned by institutional investors and hedge funds.

DSW stock traded up $0.29 during trading on Friday, hitting $32.01. 37,758 shares of the company’s stock traded hands, compared to its average volume of 2,291,027. DSW has a 52 week low of $17.75 and a 52 week high of $34.02. The firm has a market capitalization of $2.50 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Monday, September 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, September 21st. DSW’s dividend payout ratio (DPR) is 65.79%.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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