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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
DSW's Cash to Debt is ranked higher than
77% of the 678 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.43 vs. DSW: No Debt )
DSW' s 10-Year Cash to Debt Range
Min: 0.06   Max: No Debt
Current: No Debt

Equity to Asset 0.66
DSW's Equity to Asset is ranked higher than
73% of the 637 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.52 vs. DSW: 0.66 )
DSW' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.66
Current: 0.66

0.32
0.66
Interest Coverage No Debt
DSW's Interest Coverage is ranked higher than
73% of the 545 Companies
in the Global Apparel Stores industry.

( Industry Median: 59.00 vs. DSW: No Debt )
DSW' s 10-Year Interest Coverage Range
Min: 5   Max: No Debt
Current: No Debt

F-Score: 5
Z-Score: 7.64
M-Score: -1.98
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 10.50
DSW's Operating margin (%) is ranked higher than
73% of the 573 Companies
in the Global Apparel Stores industry.

( Industry Median: 5.90 vs. DSW: 10.50 )
DSW' s 10-Year Operating margin (%) Range
Min: 0.9   Max: 10.5
Current: 10.5

0.9
10.5
Net-margin (%) 6.5
DSW's Net-margin (%) is ranked higher than
67% of the 556 Companies
in the Global Apparel Stores industry.

( Industry Median: 4.30 vs. DSW: 6.5 )
DSW' s 10-Year Net-margin (%) Range
Min: 1.2   Max: 8.6
Current: 6.5

1.2
8.6
ROE (%) 17.1
DSW's ROE (%) is ranked higher than
74% of the 553 Companies
in the Global Apparel Stores industry.

( Industry Median: 10.50 vs. DSW: 17.1 )
DSW' s 10-Year ROE (%) Range
Min: 0.2   Max: 22.2
Current: 17.1

0.2
22.2
ROA (%) 11.6
DSW's ROA (%) is ranked higher than
81% of the 555 Companies
in the Global Apparel Stores industry.

( Industry Median: 5.50 vs. DSW: 11.6 )
DSW' s 10-Year ROA (%) Range
Min: 0.1   Max: 14.5
Current: 11.6

0.1
14.5
ROC (Joel Greenblatt) (%) 44.40
DSW's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 519 Companies
in the Global Apparel Stores industry.

( Industry Median: 24.10 vs. DSW: 44.40 )
DSW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 11.5   Max: 51.3
Current: 44.4

11.5
51.3
Revenue Growth (%) 14
DSW's Revenue Growth (%) is ranked higher than
79% of the 312 Companies
in the Global Apparel Stores industry.

( Industry Median: 8.00 vs. DSW: 14 )
DSW' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 14
Current: 14

0
14
EBITDA Growth (%) 26.1
DSW's EBITDA Growth (%) is ranked higher than
82% of the 239 Companies
in the Global Apparel Stores industry.

( Industry Median: 13.60 vs. DSW: 26.1 )
DSW' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 32.2
Current: 26.1

0
32.2
EPS Growth (%) 27.3
DSW's EPS Growth (%) is ranked higher than
77% of the 231 Companies
in the Global Apparel Stores industry.

( Industry Median: 16.50 vs. DSW: 27.3 )
DSW' s 10-Year EPS Growth (%) Range
Min: 0   Max: 65.2
Current: 27.3

0
65.2
» DSW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

DSW Guru Trades in Q2 2012

RS Investment Management 238,218 sh (New)
Paul Tudor Jones 63,900 sh (+83.09%)
Jim Simons 520,221 sh (+17.22%)
Columbia Wanger 575,800 sh (-1.23%)
Chuck Royce 6,900 sh (-4.17%)
Steven Cohen 162,942 sh (-16.7%)
» More
Q3 2012

DSW Guru Trades in Q3 2012

Meridian Funds 383,900 sh (New)
Steven Cohen 545,268 sh (+234.64%)
RS Investment Management 281,928 sh (+18.35%)
Jim Simons 614,948 sh (+18.21%)
Paul Tudor Jones Sold Out
Columbia Wanger 575,300 sh (-0.09%)
Chuck Royce 800 sh (-88.41%)
» More
Q4 2012

DSW Guru Trades in Q4 2012

RS Investment Management 360,848 sh (+27.99%)
Meridian Funds 481,000 sh (+25.29%)
Columbia Wanger 575,300 sh (unchged)
Chuck Royce 800 sh (unchged)
Jim Simons 426,548 sh (-30.64%)
Steven Cohen 358,993 sh (-34.16%)
» More
Q1 2013

DSW Guru Trades in Q1 2013

RS Investment Management 549,588 sh (+52.3%)
Columbia Wanger 602,300 sh (+4.69%)
Meridian Funds 481,000 sh (unchged)
Chuck Royce Sold Out
Jim Simons 363,748 sh (-14.72%)
Steven Cohen 33,873 sh (-90.56%)
» More
» Details

Insider Trades

Latest Guru Trades with DSW

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Meridian Funds 2012-12-31 Add 25.29%0.24%$58.39 - $70.52 $ 69.938%481000
Meridian Funds 2012-09-30 New Buy0.92%$54.77 - $66.92 $ 69.9316%383900
Joel Greenblatt 2012-03-31 Sold Out 0.03%$41.91 - $56.7 $ 69.9344%0
Joel Greenblatt 2011-12-31 New Buy0.03%$42.97 - $53.77 $ 69.9345%6129
George Soros 2011-09-30 Sold Out 0.0054%$37.81 - $55.31 $ 69.9344%0
Joel Greenblatt 2011-06-30 Sold Out 0.26%$41.06 - $51.33 $ 69.9352%0
George Soros 2011-06-30 New Buy0.01%$41.06 - $51.33 $ 69.9352%7600
Joel Greenblatt 2011-03-31 Add 228.04%0.18%$33.06 - $41.66 $ 69.9385%21441
Joel Greenblatt 2010-12-31 New Buy0.08%$29.16 - $40.21 $ 69.9394%6536
George Soros 2010-06-30 Sold Out $22.34 - $32.23 $ 69.93156%0
George Soros 2010-03-31 New Buy$23.93 - $29.43 $ 69.93164%8000
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry
vs
history
P/E(ttm) 21.60
DSW's P/E(ttm) is ranked lower than
65% of the 557 Companies
in the Global Apparel Stores industry.

( Industry Median: 16.30 vs. DSW: 21.60 )
DSW' s 10-Year P/E(ttm) Range
Min: 6.29   Max: 35.83
Current: 21.6

6.29
35.83
P/B 3.60
DSW's P/B is ranked lower than
80% of the 669 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.45 vs. DSW: 3.60 )
DSW' s 10-Year P/B Range
Min: 0.66   Max: 5.22
Current: 3.6

0.66
5.22
P/S 1.40
DSW's P/S is ranked lower than
75% of the 679 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.60 vs. DSW: 1.40 )
DSW' s 10-Year P/S Range
Min: 0.21   Max: 1.52
Current: 1.4

0.21
1.52
PFCF 25.60
DSW's PFCF is ranked lower than
66% of the 493 Companies
in the Global Apparel Stores industry.

( Industry Median: 17.70 vs. DSW: 25.60 )
DSW' s 10-Year PFCF Range
Min: 5.35   Max: 110.13
Current: 25.6

5.35
110.13
EV-to-EBIT 11.9
DSW's EV-to-EBIT is ranked higher than
52% of the 596 Companies
in the Global Apparel Stores industry.

( Industry Median: 12.50 vs. DSW: 11.9 )
DSW' s 10-Year EV-to-EBIT Range
Min: 3.5   Max: 17.7
Current: 11.9

3.5
17.7
PEG 0.5
DSW's PEG is ranked higher than
84% of the 238 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.28 vs. DSW: 0.5 )
DSW' s 10-Year PEG Range
Min: 0.28   Max: 5.82
Current: 0.5

0.28
5.82
Shiller P/E 27.1
DSW's Shiller P/E is ranked lower than
100% of the Companies
in the Global Apparel Stores industry.

( Industry Median: vs. DSW: 27.1 )
DSW' s 10-Year Shiller P/E Range
Min: 17.92   Max: 33.99
Current: 27.1

17.92
33.99

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.50
DSW's Dividend Yield is ranked lower than
96% of the 454 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.99 vs. DSW: 0.50 )
DSW' s 10-Year Dividend Yield Range
Min: 0.28   Max: 1.14
Current: 0.5

0.28
1.14
Dividend Payout 0.2
DSW's Dividend Payout is ranked higher than
74% of the 365 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.40 vs. DSW: 0.2 )
DSW' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.13
Current: 0.2

0.06
0.13
Yield on cost (5-Year) 0.50
DSW's Yield on cost (5-Year) is ranked lower than
94% of the 458 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.13 vs. DSW: 0.50 )
DSW' s 10-Year Yield on cost (5-Year) Range
Min: 0.28   Max: 1.14
Current: 0.5

0.28
1.14
Share Buyback Rate 4.4
DSW's Share Buyback Rate is ranked higher than
83% of the 109 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.70 vs. DSW: 4.4 )
DSW' s 10-Year Share Buyback Rate Range
Min: 0   Max: -4.3
Current: 4.4

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 14.7
DSW's Price/Net Current Asset Value is ranked lower than
72% of the 630 Companies
in the Global Apparel Stores industry.

( Industry Median: 6.70 vs. DSW: 14.7 )
DSW' s 10-Year Price/Net Current Asset Value Range
Min: 3.5   Max: 14.3
Current: 14.7

3.5
14.3
Price/Tangible Book 3.8
DSW's Price/Tangible Book is ranked lower than
76% of the 633 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.70 vs. DSW: 3.8 )
DSW' s 10-Year Price/Tangible Book Range
Min: 1   Max: 5.2
Current: 3.8

1
5.2
Price/DCF (Projected) 2
DSW's Price/DCF (Projected) is ranked lower than
76% of the 288 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.20 vs. DSW: 2 )
DSW' s 10-Year Price/DCF (Projected) Range
Min: 1.3   Max: 1.9
Current: 2

1.3
1.9
Price/Median PS Value 1.4
DSW's Price/Median PS Value is ranked lower than
68% of the 667 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.10 vs. DSW: 1.4 )
DSW' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.4
Current: 1.4

0.3
1.4
Price/Peter Lynch Fair Value 0.9
DSW's Price/Peter Lynch Fair Value is ranked higher than
61% of the 166 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.10 vs. DSW: 0.9 )
DSW' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 1.8
Current: 0.9

0.3
1.8
Price/Graham Number 1.6
DSW's Price/Graham Number is ranked lower than
64% of the 531 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.20 vs. DSW: 1.6 )
DSW' s 10-Year Price/Graham Number Range
Min: 0.9   Max: 2.5
Current: 1.6

0.9
2.5
Earnings Yield (Greenblatt) 8.40
DSW's Earnings Yield (Greenblatt) is ranked higher than
53% of the 602 Companies
in the Global Apparel Stores industry.

( Industry Median: 8.00 vs. DSW: 8.40 )
DSW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.6   Max: 28.5
Current: 8.4

5.6
28.5
Forward Rate of Return (Yacktman) 40.17
DSW's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 267 Companies
in the Global Apparel Stores industry.

( Industry Median: 15.14 vs. DSW: 40.17 )
DSW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.9   Max: 40.8
Current: 40.17

5.9
40.8

Business Description

DSW Inc. was incorporated in the state of Ohio on January 20, 1969 and opened its first DSW store in Dublin, Ohio in July 1991. The Company is a branded footwear specialty retailer in the U.S. It offers a selection of better-branded dress, casual and athletic footwear for women and men, as well as accessories. The Company's typical customers are brand, quality and style-conscious shoppers who have a passion for footwear and accessories. The Company's core focus is to create a distinctive store experience that satisfies both the rational and emotional shopping needs of its customers by offering them a vast, exciting selection of in-season styles combined with the convenience and value they desire. The Company's stores average approximately 22,000 square feet and carry approximately 24,000 pairs of shoes. It manages its operations in three operating segments, defined as DSW stores, dsw.com, and leased departments. DSW sells better-branded footwear in all segments. DSW stores and dsw.com also sell handbags and accessories. DSW stores and dsw.com offer a selection of better-branded dress, casual and athletic footwear for men and women. It also offers a complementary selection of handbags, hosiery and other accessories which appeal to its brand- and fashion-conscious customers. The Company also operates leased departments for three non-affiliated retailers and one affiliated retailer. It has renewable supply agreements to merchandise the non-affiliated shoe departments in Stein Mart, Inc., Gordman's, Inc. and Frugal Fannie's Fashion Warehouse stores. It operates leased departments for Filene's Basement, a wholly-owned subsidiary of Retail Ventures. It has registered a number of trademarks and service marks in the United States and internationally, including DSW(r) and DSW Shoe Warehouse(r). It operates in a competitive environment. The Company views its main competitors to be department stores. It also competes with mall-based Company stores, national chains, independent shoe retailers, single-brand specialty retailers, online shoe retailers, multi-channel specialty retailers and brand-oriented discounters.
Company Website
SEC Reports
Industry: Apparel Stores
Compare:IDEXY, ARO, TJX, FRCOF, ROST

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