DSW (NYSE:DSW) Profit Soars on Strong Sales Growth

The Columbus, Ohio-based DSW Inc (NYSE:DSW) announced on Tuesday that profit hiked in fiscal Q4 on around 16% expansion in sales.

Comparable store sales moved up during three months period however misses earlier year level. Quarterly earnings and sales of the company failed to meet Wall Street forecasts.

Footwear retailer declared its sales trend softened in primary 6 weeks of FY 2013, with same sales tumbled 5%, showing it difficult to forecast full year earnings and sales guidance.

Thomson Reuters analysts survey most recently forecasted EPS of $3.85 a share for FY 2013.

The company announced fiscal Q4 net income was $27 million or $0.59 a share, high from $19.4 million or $0.37 a share in previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Finish Line Inc (NASDAQ:FINL) fell -1.46% to settle at $18.24, Shoe Carnival, Inc. (NASDAQ:SCVL) moved down -0.51% to end at $21.50 while Genesco Inc. (NYSE:GCO) plunged -0.46% to finish at $60.15 on Tuesday.

DSW Inc (NYSE:DSW) on March 19, 2013 decreased -6.19% to the closing price of $62.90. The overall volume in the last trading session was 3.63 million shares. Its fifty two weeks range was $51.16 – $72.00. The total market capitalization remained at $2.81 billion.

DSW is ahead of its 52-week low with 27.73% and lagging behind from its 52-week high price with -12.15%. DSW’s last month’s stock price volatility remained 2.39%. In its share capital DSW has 44.74 million outstanding shares, among them 34.29 million shares have been floated in market exchange. DSW’s stock’s insider ownership remained 0.22%.

The stock price of DSW is moving down from its 20 days moving average with -7.08% and remote negatively from 50 days moving average with -6.71%. DSW’s current year’s earnings per share experienced an addition with 803.37% while its current quarter performance remained at -2.21%. Company’s beta coefficient included 1.41. Beta factors measure the amount of market risk associated with market trade.

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