DSW (DSW) Releases Earnings Results, Beats Expectations By $0.03 EPS

DSW (DSW) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. DSW said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.48. The company posted revenue of $696.60 million in the period, compared to analysts expectations of $712.96 million. DSW’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on DSW. Standpoint Research Initiated DSW on Nov 4, 2016 to “Buy”, Price Target of the shares are set at $28.Wedbush Initiated DSW on Nov 2, 2016 to “Neutral”, Price Target of the shares are set at $22.DSW was Initiated by Susquehanna to “Negative” on Sep 16, 2016.

DSW closed down -0.57 points or -2.43% at $22.9 with 22,09,141 shares getting traded on Monday. Post opening the session at $23.21, the shares hit an intraday low of $22.515 and an intraday high of $23.465 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 9, 2016, William L Jordan (EVP, Chief Admin Officer) sold 42,423 shares at $25.00 per share price. According to the SEC, on Sep 6, 2016, Harvey L Sonnenberg (director) sold 8,000 shares at $23.62 per share price. On May 27, 2016, Roger Rawlins (CEO) purchased 12,249 shares at $20.49 per share price, according to the Form-4 filing with the securities and exchange commission.

DSW Inc. is a footwear and accessories retailer. The Company offers assortment of shoes handbags and accessories for women and men. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. Its DSW segment includes DSW stores and dsw.com. The Company separates DSW merchandise into four primary categories: women’s footwear; men’s footwear; athletic footwear; and accessories and other. The ABG segment partners with four other retailers to help build and optimize their footwear businesses. As of January 31 2015 the Company operated 431 DSW stores in 42 states the District of Columbia and Puerto Rico. DSW stores average approximately 21500 square feet and carry approximately 22000 pairs of shoes. The Company also offers DSW Rewards through which members earn points towards certificates every time they purchase.


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