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%.
TRADEMARK VIOLATION NOTICE: “DSW Inc. (DSW) Announces Quarterly Earnings Results” was posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thestockobserver.com/2017/11/23/dsw-inc-dsw-announces-quarterly-earnings-results.html.
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.
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.
Receive News & Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related companies with MarketBeat.com's FREE daily email newsletter.