DSW Inc. (DSW) Position Raised by Fmr LLC

Fmr LLC lifted its holdings in shares of DSW Inc. (NYSE:DSW) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,291,973 shares of the company’s stock after buying an additional 533,713 shares during the period. Fmr LLC owned approximately 7.84% of DSW worth $111,368,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of DSW by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of DSW by 1.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock valued at $343,000 after buying an additional 300 shares during the last quarter. Aperio Group LLC boosted its position in shares of DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after buying an additional 815 shares during the last quarter. Shufro Rose & Co. LLC boosted its position in shares of DSW by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock valued at $1,469,000 after buying an additional 915 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock valued at $1,985,000 after buying an additional 1,099 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “DSW Inc. (DSW) Position Raised by Fmr LLC” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/dsw-inc-dsw-position-raised-by-fmr-llc.html.

DSW Inc. (DSW) opened at 21.00 on Monday. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $25.96. The company has a market cap of $1.69 billion, a P/E ratio of 14.08 and a beta of 0.82. The stock has a 50 day moving average price of $19.70 and a 200 day moving average price of $18.71.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.81%. DSW’s dividend payout ratio is currently 54.05%.

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

In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the transaction, the chairman now owns 199,445 shares in the company, valued at $3,988,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Jordan sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the transaction, the executive vice president now owns 51,588 shares in the company, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Insiders have sold 127,891 shares of company stock worth $2,559,458 in the last quarter. 20.40% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on DSW shares. Zacks Investment Research raised DSW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of DSW in a research report on Thursday, September 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $21.00 price objective on shares of DSW in a research report on Thursday, August 24th. B. Riley raised DSW from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.50 to $22.00 in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG raised DSW from a “hold” rating

Several other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of DSW by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of DSW by 1.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock valued at $343,000 after buying an additional 300 shares during the last quarter. Aperio Group LLC boosted its position in shares of DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after buying an additional 815 shares during the last quarter. Shufro Rose & Co. LLC boosted its position in shares of DSW by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock valued at $1,469,000 after buying an additional 915 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock valued at $1,985,000 after buying an additional 1,099 shares during the last quarter. 85.55% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “DSW Inc. (DSW) Position Raised by Fmr LLC” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/dsw-inc-dsw-position-raised-by-fmr-llc.html.

DSW Inc. (DSW) opened at 21.00 on Monday. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $25.96. The company has a market cap of $1.69 billion, a P/E ratio of 14.08 and a beta of 0.82. The stock has a 50 day moving average price of $19.70 and a 200 day moving average price of $18.71.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.81%. DSW’s dividend payout ratio is currently 54.05%.

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

In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the transaction, the chairman now owns 199,445 shares in the company, valued at $3,988,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Jordan sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the transaction, the executive vice president now owns 51,588 shares in the company, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Insiders have sold 127,891 shares of company stock worth $2,559,458 in the last quarter. 20.40% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on DSW shares. Zacks Investment Research raised DSW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of DSW in a research report on Thursday, September 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $21.00 price objective on shares of DSW in a research report on Thursday, August 24th. B. Riley raised DSW from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.50 to $22.00 in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $21.96.

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.

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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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