DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 2,666 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the sale, the executive vice president now owns 44,254 shares of the company’s stock, valued at $886,407.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
DSW Inc. (DSW) opened at 20.35 on Friday. DSW Inc. has a 52-week low of $15.14 and a 52-week high of $25.96. The firm has a 50 day moving average of $18.29 and a 200-day moving average of $18.66. The stock has a market cap of $1.64 billion, a PE ratio of 13.64 and a beta of 0.80.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Equities analysts anticipate that DSW Inc. will post $1.50 earnings per share for the current fiscal year.
DSW declared that its board has approved a share buyback plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 33.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. DSW’s payout ratio is currently 54.05%.
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A number of equities analysts have recently issued reports on DSW shares. Canaccord Genuity set a $17.00 target price on shares of DSW and gave the stock a “hold” rating in a report on Sunday, August 20th. BidaskClub upgraded shares of DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Citigroup Inc. decreased their price target on shares of DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. Wedbush upgraded shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC set a $20.00 price target on shares of DSW and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of DSW. BlackRock Inc. lifted its position in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares during the last quarter. RidgeWorth Capital Management LLC purchased a new stake in DSW during the first quarter worth about $48,675,000. Dimensional Fund Advisors LP increased its stake in DSW by 41.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after purchasing an additional 1,748,831 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in DSW by 434.2% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock worth $35,030,000 after purchasing an additional 1,376,800 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in DSW by 110.6% during the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock worth $49,809,000 after purchasing an additional 1,264,730 shares during the period. 85.55% of the stock is currently owned by institutional investors.
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.
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