Global X MANAGEMENT CO LLC Increases Position in DSW Inc. (DSW)

Global X MANAGEMENT CO LLC boosted its position in shares of DSW Inc. (NYSE:DSW) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,578 shares of the company’s stock after buying an additional 13,051 shares during the period. Global X MANAGEMENT CO LLC owned approximately 0.48% of DSW worth $8,304,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in DSW during the second quarter valued at approximately $258,000. BlackRock Inc. lifted its stake in shares of DSW by 42,735.5% in the 1st quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after purchasing an additional 8,327,020 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in shares of DSW by 822.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 240,812 shares of the company’s stock valued at $4,335,000 after purchasing an additional 214,702 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of DSW by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 886,483 shares of the company’s stock valued at $18,332,000 after purchasing an additional 29,134 shares during the last quarter. Finally, MIG Capital LLC lifted its stake in shares of DSW by 12.6% in the 2nd quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock valued at $34,692,000 after purchasing an additional 218,792 shares during the last quarter. 86.78% of the stock is owned by institutional investors.

In other DSW news, Chairman Deborah L. Ferree sold 75,452 shares of DSW stock in a transaction dated 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 completion of the transaction, the chairman now owns 199,445 shares in the company, valued at approximately $3,988,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Deborah L. Ferree sold 10,073 shares of DSW stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total value of $216,871.69. Following the transaction, the chairman now owns 113,920 shares of the company’s stock, valued at approximately $2,452,697.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,891 shares of company stock valued at $2,559,458. 20.40% of the stock is currently owned by insiders.

Several research firms have recently issued reports on DSW. Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 3rd. B. Riley lowered DSW from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $20.00 in a research note on Thursday, November 2nd. Wedbush downgraded DSW from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $20.00 in a report on Wednesday, November 1st. Jefferies Group LLC set a $20.00 price target on DSW and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Standpoint Research upgraded DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.12.

Shares of DSW Inc. (NYSE DSW) traded up $0.31 on Monday, reaching $19.71. The company’s stock had a trading volume of 2,113,100 shares, compared to its average volume of 2,079,614. DSW Inc. has a 12 month low of $15.14 and a 12 month high of $25.96. The firm has a market cap of $1,583.66, a PE ratio of 13.98, a P/E/G ratio of 2.13 and a beta of 0.79.

DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company had revenue of $680.40 million during the quarter, compared to analysts’ expectations of $666.66 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. research analysts forecast that DSW Inc. will post 1.48 EPS for the current fiscal year.

DSW declared that its Board of Directors has authorized a stock buyback plan on Tuesday, August 22nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 33.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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DSW 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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