DSW Inc. (NYSE:DSW) announced a quarterly dividend on Tuesday, August 22nd, Zacks reports. Investors of record on Tuesday, September 19th will be given a dividend of 0.20 per share on Friday, September 29th. This represents a $0.80 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, September 18th.
DSW has increased its dividend by an average of 28.7% annually over the last three years. DSW has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DSW to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 53.0%.
Shares of DSW (NYSE:DSW) opened at 19.47 on Wednesday. The company’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.66. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.05 and a beta of 0.80. DSW has a 52-week low of $15.14 and a 52-week high of $25.96.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million for the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. DSW’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, analysts predict that DSW will post $1.50 EPS for the current year.
Several research analysts have commented on the company. B. Riley restated a “buy” rating and set a $22.00 price objective on shares of DSW in a report on Monday, August 28th. Citigroup Inc. raised their price objective on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $20.00 price target on DSW and gave the company a “hold” rating in a report on Wednesday, August 23rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $21.00 price target on shares of DSW in a report on Thursday, August 24th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price target on shares of DSW in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. DSW presently has an average rating of “Hold” and a consensus target price of $21.75.
DSW declared that its board has approved a stock repurchase program on Tuesday, August 22nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 33.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, EVP William L. Jordan sold 15,100 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $19.00, for a total value of $286,900.00. Following the completion of the sale, the executive vice president now owns 56,688 shares of the company’s stock, valued at approximately $1,077,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Deborah L. Ferree sold 75,452 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $20.00, for a total value of $1,509,040.00. Following the completion of the sale, the chairman now directly owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The disclosure for this sale can be found here. Insiders sold a total of 120,476 shares of company stock valued at $2,356,471 in the last three months. Insiders own 20.40% 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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