Trade Report: Today: DSW Inc. to Post FY2017 Earnings of $1.40 Per Share, B. Riley Forecasts (DSW)

Today: DSW Inc. to Post FY2017 Earnings of $1.40 Per Share, B. Riley Forecasts (DSW)

DSW Inc. (NYSE:DSW) – Equities research analysts at B. Riley reduced their FY2017 earnings per share (EPS) estimates for shares of DSW in a report issued on Wednesday. B. Riley analyst J. Van. Sinderen now anticipates that the firm will earn $1.40 per share for the year, down from their previous forecast of $1.41. B. Riley currently has a “Neutral” rating and a $26.00 price target on the stock. B. Riley also issued estimates for DSW’s Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.60 EPS and Q4 2018 earnings at $0.17 EPS.

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

Several other research firms also recently 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 objective for the company in a research note on Tuesday, August 2nd. Standpoint Research assumed coverage on shares of DSW in a research note on Friday, November 4th. They set a “buy” rating and a $28.00 price objective for the company. Jefferies Group set a $28.00 target price on shares of DSW and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity reissued a “hold” rating and set a $23.00 target price (up from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $23.00 target price on shares of DSW in a research report on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.64.

DSW (NYSE:DSW) opened at 24.90 on Monday. DSW has a 52-week low of $18.51 and a 52-week high of $29.53. The company has a 50 day moving average of $21.84 and a 200-day moving average of $22.34. The stock has a market capitalization of $2.05 billion, a P/E ratio of 19.87 and a beta of 0.72.

A number of institutional investors have recently made changes to their positions in the stock. MSI Financial Services Inc raised its position in shares of DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock worth $137,000 after buying an additional 190 shares in the last quarter. Afam Capital Inc. raised its position in shares of DSW by 0.4% in the third quarter. Afam Capital Inc. now owns 102,994 shares of the company’s stock worth $2,109,000 after buying an additional 442 shares in the last quarter. HighTower Advisors LLC raised its position in shares of DSW by 1.6% in the third quarter. HighTower Advisors LLC now owns 30,373 shares of the company’s stock worth $625,000 after buying an additional 468 shares in the last quarter. Sei Investments Co. raised its position in shares of DSW by 2.6% in the second quarter. Sei Investments Co. now owns 19,904 shares of the company’s stock worth $422,000 after buying an additional 505 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of DSW by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,358 shares of the company’s stock worth $791,000 after buying an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction dated 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 owns 20,142 shares in the company, valued at approximately $473,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William L. Jordan sold 42,423 shares of the 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 completion of the transaction, the executive vice president now owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The disclosure for this sale can be found here. Insiders own 20.30% of the company’s stock.

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

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