|Bid||18.27 x 100|
|Ask||20.44 x 100|
|Day's Range||19.99 - 20.63|
|52 Week Range||15.14 - 22.72|
|PE Ratio (TTM)||18.68|
|Earnings Date||Mar 12, 2018 - Mar 16, 2018|
|Forward Dividend & Yield||0.80 (4.00%)|
|1y Target Est||21.54|
DSW Inc. is getting out of a business it acquired just two years ago. The Columbus-based retailer is shuttering a distribution center in Nashville as it prepares to part with its e-commerce off-price subsidiary Ebuys, which it acquired for $62.5 million in early 2016. “I can confirm that DSW Inc. is actively pursuing the possible sale of the Ebuys (dba ShoeMetro) business,” spokeswoman Margaret Standing said in an email.
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Following the fiscal 3Q17 results, many analysts have revised their target prices for DSW. On the contrary, Deutsche Bank slashed its target price to $21 from $22, and Wedbush reduced its target price to $19 from $20. Currently, analysts’ 12-month average target price for DSW stock is $20.92, which reflects a 2.4% upside to the stock price as of January 10.
DSW (DSW) has been eyeing inorganic expansion (mergers and acquisitions) to boost financial growth. As part of this initiative, in February 2016, the company acquired online discount footwear retailer Ebuys for $62.5 million. The rationale behind the acquisition was to accelerate the growth of the digital sales channel, especially overseas.
The company mentioned that, by using vertical displays for its products, it would be able to enhance display units by 70%. New store layouts, combined with more products on display, could attract customers. On the fiscal 3Q17 earnings conference call, the company’s CEO, Roger Rawlins, stated that the newly refurbished store in Columbus exceeded expectations.
DSW is planning to stock up children’s footwear across its entire store base before this year’s back-to-school season kicks off. On the fiscal 3Q17 earnings conference call, the company’s CFO, Jared Poff, said the category had witnessed strong positive comps growth. The company has, time and again, underscored that its stores are located within 20 miles of 70% of its targeted customer base.
Will DSW’s Growth Initiatives Yield the Desired Results? In 2017, DSW’s (DSW) stock price was down 5.9% as the retail sector remained plagued by troubles. Similarly, peers Foot Locker (FL), Finish Line (FINL), and Genesco (GCO) were down 33.9%, 23.4%, and 47.5%, respectively, in 2017.
If you're considering investing in the Golden Arches for a tasty dividend, you might want to give Pfizer, Intel or DSW a look first.
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Expansion always was the plan for W Nail Bar, though its owners say they never imagined a shoe store would be the way to grow. Sisters Lauren Hunter and Manda Mason started W Nail Bar at 946 N. High St. in the Short North in spring 2015. Its second site opened this month in a 2,000-square-foot space inside the DSW store at 1200 Polaris Parkway.
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Investors who want to cash in on DSW Inc’s (NYSE:DSW) upcoming dividend of $0.2 per share have only 3 days left to buy the shares before its ex-dividend date, 14Read More...