Trading Report: Today, FY2017 EPS Estimates for DSW Inc. Boosted by KeyCorp (DSW)

Today, FY2017 EPS Estimates for DSW Inc. Boosted by KeyCorp (DSW)

DSW Inc. (NYSE:DSW) – Stock analysts at KeyCorp lifted their FY2017 EPS estimates for DSW in a report released on Tuesday. KeyCorp analyst J. Schmidt now expects that the brokerage will post earnings per share of $1.42 for the year, up from their previous forecast of $1.37. KeyCorp also issued estimates for DSW’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $1.58 EPS and FY2020 earnings at $1.78 EPS.

DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. DSW had a return on equity of 12.45% and a net margin of 3.90%. The business had revenue of $697 million for the quarter, compared to analyst estimates of $710.42 million. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis.

Several other brokerages have also recently issued reports on DSW. B. Riley reaffirmed a “neutral” rating and set a $23.00 price objective on shares of DSW in a report on Wednesday, August 31st. Wedbush reaffirmed a “neutral” rating and set a $22.00 price objective on shares of DSW in a report on Tuesday, November 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $23.00 price objective on shares of DSW in a report on Wednesday, September 7th. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $23.00 price target on shares of DSW in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.52.

DSW (NYSE:DSW) opened at 25.00 on Wednesday. DSW has a 52 week low of $18.51 and a 52 week high of $29.53. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 19.95 and a beta of 0.72. The stock has a 50 day moving average price of $21.69 and a 200 day moving average price of $22.34.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, December 14th. DSW’s dividend payout ratio is currently 62.99%.

In other news, Director Harvey L. Sonnenberg sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the completion of the transaction, the director now directly owns 20,142 shares of the company’s stock, valued at $473,337. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William L. Jordan sold 42,423 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total value of $1,060,575.00. Following the transaction, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of DSW by 48.0% in the first quarter. Geode Capital Management LLC now owns 640,247 shares of the company’s stock worth $17,696,000 after buying an additional 207,517 shares during the period. LPL Financial LLC increased its stake in shares of DSW by 169.1% in the first quarter. LPL Financial LLC now owns 100,524 shares of the company’s stock worth $2,720,000 after buying an additional 63,174 shares during the period. Royal Bank of Canada increased its stake in shares of DSW by 10.3% in the first quarter. Royal Bank of Canada now owns 534,494 shares of the company’s stock worth $14,773,000 after buying an additional 49,895 shares during the period. Squarepoint Ops LLC increased its stake in shares of DSW by 614.8% in the first quarter. Squarepoint Ops LLC now owns 86,485 shares of the company’s stock worth $2,390,000 after buying an additional 74,385 shares during the period. Finally, BlueMountain Capital Management LLC bought a new stake in shares of DSW during the first quarter worth approximately $598,000. 82.29% of the stock is owned by institutional investors.

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