Today: Today, Q4 2017 EPS Estimates for DSW Inc. Cut by William Blair (DSW)

Today, Q4 2017 EPS Estimates for DSW Inc. Cut by William Blair (DSW)

DSW Inc. (NYSE:DSW) – Stock analysts at William Blair decreased their Q4 2017 earnings per share estimates for DSW in a research note issued on Tuesday. William Blair analyst A. Noblin now expects that the firm will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.18.

Several other research analysts have also issued reports on DSW. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, August 2nd. Telsey Advisory Group increased their price target on shares of DSW from $23.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, August 25th. Canaccord Genuity reiterated a “hold” rating and issued a $23.00 price target (up from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. B. Riley reiterated a “neutral” rating and issued a $23.00 price target on shares of DSW in a research note on Wednesday, August 31st. Finally, Citigroup Inc. increased their price target on shares of DSW from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.64.

Shares of DSW (NYSE:DSW) traded down 0.40% during trading on Thursday, reaching $24.90. The company’s stock had a trading volume of 564,404 shares. DSW has a 12 month low of $18.51 and a 12 month high of $29.53. The company’s 50-day moving average is $21.84 and its 200-day moving average is $22.34. The company has a market capitalization of $2.05 billion, a P/E ratio of 19.87 and a beta of 0.72.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, December 14th. DSW’s payout ratio is presently 62.99%.

In other news, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the sale, the director now directly owns 20,142 shares in the company, valued at approximately $473,337. The disclosure for this sale can be found here. Insiders own 20.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Paragon Capital Management LLC increased its stake in shares of DSW by 3.1% in the second quarter. Paragon Capital Management LLC now owns 413,220 shares of the company’s stock worth $8,751,000 after buying an additional 12,473 shares during the last quarter. First American Bank increased its stake in shares of DSW by 1.6% in the second quarter. First American Bank now owns 105,549 shares of the company’s stock worth $2,236,000 after buying an additional 1,649 shares during the last quarter. First Quadrant L P CA increased its stake in shares of DSW by 407.7% in the second quarter. First Quadrant L P CA now owns 132,000 shares of the company’s stock worth $2,796,000 after buying an additional 106,000 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of DSW by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 240,575 shares of the company’s stock worth $5,095,000 after buying an additional 6,270 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of DSW during the second quarter worth about $107,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

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