Insider Selling: DSW Inc. (DSW) Director Sells 10,000 Shares of Stock

DSW Inc. (NYSE:DSW) Director Joanna T. Lau sold 10,000 shares of DSW stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.26, for a total value of $192,600.00. Following the completion of the sale, the director now owns 21,272 shares of the company’s stock, valued at $409,698.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

DSW Inc. (NYSE:DSW) traded up 1.70% during trading on Friday, hitting $20.35. The stock had a trading volume of 3,913,582 shares. The company has a 50-day moving average of $18.29 and a 200 day moving average of $18.66. The firm has a market cap of $1.64 billion, a P/E ratio of 13.64 and a beta of 0.80. DSW Inc. has a 52-week low of $15.14 and a 52-week high of $25.96.

DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. DSW’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities research analysts predict that DSW Inc. will post $1.50 earnings per share for the current fiscal year.

DSW declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 22nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 33.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.93%. DSW’s dividend payout ratio (DPR) is 54.05%.

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Several research analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of DSW in a research report on Monday, August 28th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $21.00 price objective on shares of DSW in a research report on Thursday, August 24th. Jefferies Group LLC set a $20.00 price target on DSW and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Citigroup Inc. upped their price target on DSW from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of DSW in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.75.

Institutional investors have recently modified their holdings of the company. Bbva Compass Bancshares Inc. increased its stake in shares of DSW by 2.4% during the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock worth $297,000 after acquiring an additional 332 shares during the period. BlackRock Inc. boosted its holdings in DSW by 42,735.5% during the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after buying an additional 8,327,020 shares in the last quarter. Swiss National Bank boosted its holdings in DSW by 2.0% during the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock worth $2,413,000 after buying an additional 2,300 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in DSW by 822.3% during the second quarter. Marshall Wace North America L.P. now owns 240,812 shares of the company’s stock worth $4,335,000 after buying an additional 214,702 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in DSW during the first quarter worth about $493,000. Institutional investors and hedge funds own 85.55% of the company’s stock.

DSW Company Profile

DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.

Insider Buying and Selling by Quarter for DSW (NYSE:DSW)

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