Zacks: Brokerages Anticipate DSW Inc. (DSW) to Announce $0.28 EPS

Wall Street brokerages expect DSW Inc. (NYSE:DSW) to post $0.28 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for DSW’s earnings, with estimates ranging from $0.26 to $0.31. DSW reported earnings per share of $0.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is scheduled to issue its next earnings report on Tuesday, August 29th.

According to Zacks, analysts expect that DSW will report full year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.48. For the next year, analysts anticipate that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.31 to $1.59. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for DSW.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The firm had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of DSW from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Cleveland Research upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 8th. ValuEngine downgraded shares of DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reiterated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research note on Monday, May 29th. Finally, Zacks Investment Research downgraded shares of DSW from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.64.

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In other DSW news, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the completion of the transaction, the director now owns 12,242 shares in the company, valued at $220,356. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the transaction, the director now owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The disclosure for this sale can be found here. 20.40% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in DSW during the first quarter valued at about $100,000. Ameritas Investment Partners Inc. purchased a new stake in DSW during the first quarter valued at about $120,000. State of Tennessee Treasury Department purchased a new stake in DSW during the first quarter valued at about $143,000. State of Alaska Department of Revenue purchased a new stake in DSW during the first quarter valued at about $154,000. Finally, PNC Financial Services Group Inc. raised its stake in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Shares of DSW (NYSE DSW) traded up 1.88% on Monday, reaching $17.34. 950,872 shares of the company’s stock traded hands. DSW has a one year low of $15.98 and a one year high of $26.22. The firm has a market cap of $1.39 billion, a P/E ratio of 12.03 and a beta of 0.83. The company’s 50-day moving average price is $17.39 and its 200 day moving average price is $20.12.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.61%. DSW’s dividend payout ratio is 55.94%.

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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Earnings History and Estimates for DSW (NYSE:DSW)

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