DSW Inc. (DSW) Announces Quarterly Earnings Results

DSW Inc. (NYSE:DSW) issued its earnings results on Tuesday. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.08), Bloomberg Earnings reports. DSW had a net margin of 3.13% and a return on equity of 11.43%. The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $710.24 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. DSW updated its FY18 guidance to $1.40-1.45 EPS.

Shares of DSW (DSW) opened at $20.33 on Thursday. The company has a market cap of $1,570.80, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.79. DSW has a 12 month low of $15.14 and a 12 month high of $25.96.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, December 14th. DSW’s dividend payout ratio is currently 75.47%.

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Several brokerages have commented on DSW. Wedbush raised shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Wednesday, July 26th. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price on shares of DSW in a research note on Monday, August 28th. Citigroup Inc. upped their target price on shares of DSW from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Standpoint Research downgraded shares of DSW from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Susquehanna Bancshares Inc raised shares of DSW from a “neutral” rating to a “positive” rating and set a $23.00 target price for the company in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. DSW presently has a consensus rating of “Hold” and an average target price of $21.58.

In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of the stock in a transaction 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 completion of the sale, the chairman now owns 199,445 shares in the company, valued at $3,988,900. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Deborah L. Ferree sold 10,073 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total transaction of $216,871.69. Following the completion of the sale, the chairman now owns 113,920 shares of the company’s stock, valued at approximately $2,452,697.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,891 shares of company stock valued at $2,559,458. Corporate insiders own 20.40% of the company’s stock.

DSW announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 22nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About DSW

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.

Earnings History for DSW (NYSE:DSW)

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