DSW Inc. (DSW) - NYSE
  • Today, 11:09 AM
    • Apparel store stocks are off and running today on some broad strength.
    • The sector has seen more buying action of late after hitting a prolonged rough patch. A couple of solid reports on June sales from key retailers and some calming down of the recent civil unrest has contributed to improved outlook.
    • Notable gainers include Gap (GPS +3.5%), Nordstrom (JWN +3.3%), L Brands (LB +2.9%), Urban Outfitters (URBN +2.8%), Macy's (M +2.3%), Kohl's(KSS +1.7%), Francesca's Holdings (FRAN +1.5%), Chico's FAS (CHS +2.1%), Tailored Brands (TLRD +1.5%), and DSW (DSW +1.8%).
    | Today, 11:09 AM | 1 Comment
  • Mon, Jul. 11, 2:42 PM
    • Wells Fargo sees enough improvement out of DSW (DSW +4.1%) to upgrade the retailer to Market Perform from Underperform.
    • The investment firm thinks trends have improved since the last guidance update and points to the kids assortment now available in 200 stores as a growth driver. The kids development could help DSW increase one-stop family shopping traffic as well as bring in some new faces.
    • Wells on DSW: "We believe downside risk to DSW shares over the near term is limited. Raising FY17 EPS estimate from $1.38 to $1.45 (still below the Street’s $1.52) and valuation range to $20-$22 (from $16-$18.)
    | Mon, Jul. 11, 2:42 PM
  • Fri, Jun. 17, 10:03 AM
    • Gap (GPS +3.7%) is back over $20 for the first time in over a month with some improved sentiment bubbling up over the retail sector.
    • The retailer's +4.5% dividend yield may be luring in some buyers
    • Other retail movers ahead of broad averages in early action include Nordstrom (JWN +2.3%), Tailored Brands (TLRD +3.6%), Pier 1 Imports (PIR +3.6%), Best Buy (BBY +2.8%), and DSW (DSW +2.5%). Perhaps it's coincidence, but all those companies boast a dividend yield of over 3%.
    | Fri, Jun. 17, 10:03 AM | 1 Comment
  • Thu, Jun. 9, 12:23 PM
    • Retail stocks are broadly lower after a weak earnings report from Restoration Hardware (RH -21.2%) set a gloomy tone. The S&P Retail ETF (NYSEARCA:XRT) is 1.91% lower on the day.
    • Williams-Sonoma (WSM -4.8%) and Bed Bath & Beyond (BBBY -3.7%) are down sharply after the RH guidance dud.
    • Mall chain and department store stocks are also seeing some anxious trading as investors continue to bet on discounters and variety stores which target budget shoppers.
    • Notable decliners include Ascena Retail (ASNA -5.4%), Guess (GES -3.2%), Nordtrom (JWN -3.1%), Urban Outfitters (URBN -2.6%), Cato (CATO -2.6%), DSW (DSW -2.6%), and Gap (GPS -2%).
    • Target (NYSE:TGT) is down 1.6% after a rough annual meeting where there was much more attention paid to the company's transgender bathroom policy than execs probably desired.
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF
    | Thu, Jun. 9, 12:23 PM | 6 Comments
  • Wed, May 25, 11:21 AM
    • Investment firms reset expectations on DSW (DSW +7%) after factoring in the retailer's Q1 report and guidance update.
    • Jefferies lowers it price target on DSW to $26.
    • Telsey Advisory moves to a $23 PT from $26.
    • Canaccord Genuity turns the bearish of the bunch, dropping to a PT of $19.
    • Previously: DSW down after earnings miss in Q1 (May 24)
    | Wed, May 25, 11:21 AM | 1 Comment
  • Tue, May 24, 12:50 PM
    | Tue, May 24, 12:50 PM | 7 Comments
  • Tue, May 24, 10:35 AM
    • DSW (NYSE:DSW) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 4.18%
    • Payable June 30; for shareholders of record June 16; ex-div June 14.
    | Tue, May 24, 10:35 AM
  • Tue, May 24, 9:14 AM
    | Tue, May 24, 9:14 AM | 7 Comments
  • Tue, May 24, 7:39 AM
    • DSW (NYSE:DSW) reports comparable sales fell 1.6% in Q1.
    • DSW business sales rose 1.8% to $623.03M.
    • ABG business sales decreased 0.3% to $43.14M.
    • Gross margin rate declined 250 bps to 30%due to higher markdowns and the addition of Ebuys.
    • Operating margin rate dropped 400 bps to 7.2%.
    • Inventory +0.6% on a cost per square foot basis.
    • Store count +29 Y/Y to 478.
    • FY2016 Guidance: Revenue: ~+6% to +7%; Comparable sales: -1% to -2%; Gross margin: -100 bps to -150 bps; Opex: +7% to +8%; Tax rate: ~39%; Adjusted EPS: $1.32 to $1.42; Shares outstanding: 83M.
    • DSW -8.84% premarket.
    | Tue, May 24, 7:39 AM
  • Tue, May 24, 7:02 AM
    • DSW (NYSE:DSW): Q1 EPS of $0.40 misses by $0.05.
    • Revenue of $681.27M (+3.9% Y/Y) misses by $17.52M.
    • Press Release
    | Tue, May 24, 7:02 AM | 1 Comment
  • Mon, May 23, 5:30 PM
  • Mon, May 23, 10:27 AM
    • The U.S. footwear industry is expected to be big winner from the Trans-Pacific Partnership trade agreement, according to analysis from the U.S. International Trade Commission.
    • U.S. footwear imports are expected to increase by 2.7% or $1.1B vs. the 2032 baseline growth estimate, with the bulk coming from Vietnam at the expense of China.
    • Exports from the U.S. are seen increasing 12.2% as more parts are sent to Vietnam for final assembly.
    • TPP is anticipated to have a positive impact on U.S. output and footwear-related employment levels.
    • Footwear is the sector with the largest positive benefit from reduced tariffs in what could be a favorable development for margins.
    • Full U.S. ITC report (.pdf)
    • Related footwear stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
    | Mon, May 23, 10:27 AM | 9 Comments
  • Wed, May 11, 9:54 AM
    • The hits keep coming for the specialty retail sector with L Brands, Gap, and Macy's all reporting troubling sales trends this week which point to a detached U.S. consumer.
    • Investors aren't ignoring the broad theme. Decliners today include FTD Companies (FTD -1.6%), Finish Line (FINL -3.5%), Five Below (FIVE -3.3%), Michaels Companies (MIK -1.9%), Zumiez (ZUMZ -4.4%), Urban Outfitters (URBN -5.2%), Ascena Retail Group (ASNA -7.3%), The Children's Place (PLCE -3.8%), and DSW (DSW -3.3%). Most of those losses follow on declines from earlier in the week.
    • Related: The new millennials ETF takes a pass on apparel store stocks (May 10)
    | Wed, May 11, 9:54 AM
  • Tue, Mar. 15, 9:17 AM
    | Tue, Mar. 15, 9:17 AM | 4 Comments
  • Tue, Mar. 15, 7:43 AM
    • DSW (NYSE:DSW) reports comparable sales rose 0.7% in Q4.
    • DSW business sales increased 4.9% to $636.54M.
    • ABG business sales grew 7% to $35.5M.
    • Gross margin rate decreased 300 bps to 24.6% due to higher promotions.
    • Operating margin rate declined 400 bps to 2.5% for the quarter.
    • Inventory +1.5% on a cost per square foot basis.
    • Store count +37 Y/Y to 468.
    • FY2016 Guidance: Revenue: +8% to +10%; Comparable sales: +1% to +2%; Tax rate: 39%; Adjusted EPS: $1.54 to $1.64; Shares outstanding: 83M.
    • DSW +9.13% premarket.
    | Tue, Mar. 15, 7:43 AM | 1 Comment
  • Tue, Mar. 15, 7:04 AM
    • DSW (NYSE:DSW): Q4 EPS of $0.14 beats by $0.07.
    • Revenue of $672.04M (+5.0% Y/Y) beats by $30.85M.
    • Press Release
    | Tue, Mar. 15, 7:04 AM | 1 Comment
Company Description
DSW, Inc. engages in the provisions of footwear and accessories. It offers a range of footwear products such as casual and athletic footwear, handbags as well as accessories for women, men and kids. It operates through the following segments: DSW stores, dsw.com and ABG segment. DSW, Inc. was... More
Sector: Services
Industry: Apparel Stores
Country: United States