DSW (DSW) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

DSW (NYSE:DSW) released its quarterly earnings data on Wednesday. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02, Bloomberg Earnings reports. The firm had revenue of $712.10 million during the quarter, compared to the consensus estimate of $683.83 million. DSW had a return on equity of 13.42% and a net margin of 2.43%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. DSW updated its FY19 guidance to $1.52-1.67 EPS.

NYSE:DSW opened at $23.88 on Friday. DSW has a 52-week low of $15.14 and a 52-week high of $26.45. The firm has a market cap of $1.97 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.10 and a beta of 0.63.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.19%. DSW’s payout ratio is 65.79%.

In related news, EVP William L. Jordan sold 34,412 shares of the business’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total transaction of $773,237.64. Following the sale, the executive vice president now directly owns 88,705 shares in the company, valued at approximately $1,993,201.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.70% of the company’s stock.

Several research analysts recently issued reports on DSW shares. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, February 27th. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Canaccord Genuity set a $22.00 price objective on DSW and gave the stock a “hold” rating in a research report on Tuesday. TheStreet raised DSW from a “c+” rating to a “b” rating in a research report on Tuesday, April 10th. Finally, Deutsche Bank cut DSW from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Wednesday, May 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.44.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

Earnings History for DSW (NYSE:DSW)

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