Jefferies Group Analysts Reduce Earnings Estimates for DSW Inc. (DSW)

DSW Inc. (NYSE:DSW) – Equities research analysts at Jefferies Group cut their Q2 2018 earnings per share (EPS) estimates for DSW in a note issued to investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.33. Jefferies Group currently has a “Hold” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for DSW’s Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.60 EPS.

DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 3.90% and a return on equity of 12.46%. The firm had revenue of $691.10 million during the quarter, compared to the consensus estimate of $684.34 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This story was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/06/16/jefferies-group-analysts-reduce-earnings-estimates-for-dsw-inc-dsw-updated-updated.html.

Earnings History and Estimates for DSW (NYSE:DSW)

DSW has been the subject of several other research reports. Canaccord Genuity lowered their price target on DSW from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday. B. Riley reaffirmed a “neutral” rating and issued a $18.50 price target on shares of DSW in a research report on Wednesday. Citigroup Inc reissued a “neutral” rating and issued a $18.00 target price (down previously from $23.00) on shares of DSW in a research report on Thursday. Susquehanna Bancshares Inc raised DSW from a “negative” rating to a “neutral” rating in a research report on Wednesday. Finally, Telsey Advisory Group decreased their target price on DSW from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.80.

DSW (NYSE:DSW) traded up 1.15% during midday trading on Wednesday, hitting $16.78. 611,089 shares of the stock were exchanged. DSW has a 1-year low of $15.98 and a 1-year high of $26.22. The company’s 50 day moving average is $19.69 and its 200-day moving average is $21.34. The stock has a market cap of $1.35 billion, a PE ratio of 11.04 and a beta of 0.66.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares during the last quarter. RidgeWorth Capital Management LLC bought a new stake in DSW during the first quarter valued at $48,675,000. MIG Capital LLC bought a new stake in DSW during the fourth quarter valued at $31,642,000. Frontier Capital Management Co. LLC raised its stake in DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock valued at $49,809,000 after buying an additional 1,264,730 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in DSW by 36.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock valued at $87,390,000 after buying an additional 1,135,336 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

About DSW

DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.

12 Month Chart for NYSE:DSW

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