Trade Report: Today, KeyCorp Analysts Increase Earnings Estimates for DSW Inc. (DSW)

Today, KeyCorp Analysts Increase Earnings Estimates for DSW Inc. (DSW)

DSW Inc. (NYSE:DSW) – Stock analysts at KeyCorp upped their Q4 2017 earnings per share (EPS) estimates for DSW in a report issued on Tuesday. KeyCorp analyst J. Schmidt now expects that the brokerage will earn $0.16 per share for the quarter, up from their previous forecast of $0.14. KeyCorp also issued estimates for DSW’s FY2019 earnings at $1.69 EPS.

DSW (NYSE:DSW) last released its earnings results on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. DSW had a net margin of 3.90% and a return on equity of 12.45%. The company had revenue of $697 million for the quarter, compared to analysts’ expectations of $710.42 million. During the same quarter last year, the business earned $0.44 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year.

A number of other equities analysts also recently commented on DSW. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, August 2nd. Telsey Advisory Group upped their price objective on shares of DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, August 25th. Canaccord Genuity restated a “hold” rating and set a $23.00 price objective (up previously from $19.00) on shares of DSW in a report on Monday, August 29th. They noted that the move was a valuation call. B. Riley restated a “neutral” rating and set a $23.00 price objective on shares of DSW in a report on Wednesday, August 31st. Finally, Citigroup Inc. upped their price objective on shares of DSW from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.52.

DSW (NYSE:DSW) traded up 0.32% during midday trading on Thursday, reaching $25.08. 34,110 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 20.02 and a beta of 0.72. DSW has a 52 week low of $18.51 and a 52 week high of $29.53. The firm’s 50 day moving average is $21.69 and its 200 day moving average is $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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, December 14th. DSW’s dividend payout ratio is currently 62.99%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Americafirst Capital Management LLC purchased a new position in DSW during the second quarter valued at approximately $107,000. NEXT Financial Group Inc purchased a new position in DSW during the third quarter valued at approximately $123,000. MSI Financial Services Inc increased its position in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock valued at $137,000 after buying an additional 190 shares in the last quarter. PNC Financial Services Group Inc. increased its position in DSW by 100.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,200 shares of the company’s stock valued at $147,000 after buying an additional 3,600 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in DSW during the second quarter valued at approximately $159,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

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