Fox Run Management L.L.C. acquired a new position in shares of DSW Inc. (NYSE:DSW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 29,500 shares of the company’s stock, valued at approximately $634,000.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of DSW by 42,735.5% during the 1st 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 during the last quarter. FMR LLC lifted its position in shares of DSW by 9.3% during the 2nd quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after buying an additional 533,713 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of DSW by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after buying an additional 297,463 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DSW by 41.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after buying an additional 1,748,831 shares during the last quarter. Finally, MIG Capital LLC lifted its position in shares of DSW by 12.6% during the 2nd quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock worth $34,692,000 after buying an additional 218,792 shares during the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.
In other DSW news, EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 51,588 shares in the company, valued at $1,099,856.16. 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 the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total value of $216,871.69. Following the completion of the sale, the chairman now owns 113,920 shares in the company, valued at $2,452,697.60. The disclosure for this sale can be found here. Insiders sold 127,891 shares of company stock worth $2,559,458 over the last quarter. 20.40% of the stock is currently owned by company insiders.
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Several analysts have recently weighed in on the stock. Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Thursday, September 28th. Jefferies Group LLC restated a “hold” rating and set a $20.00 price objective on shares of DSW in a research report on Thursday, September 28th. Wedbush restated an “ourperform” rating and set a $23.00 price objective on shares of DSW in a research report on Monday, September 25th. Finally, B. Riley restated a “buy” rating and set a $22.00 price objective on shares of DSW in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.96.
DSW Inc. (NYSE:DSW) opened at 21.05 on Friday. DSW Inc. has a 52 week low of $15.14 and a 52 week high of $25.96. The firm has a market capitalization of $1.69 billion, a PE ratio of 14.11 and a beta of 0.83. The firm has a 50-day moving average of $20.36 and a 200 day moving average of $18.75.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The company had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Analysts predict that DSW Inc. will post $1.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Monday, September 18th. DSW’s payout ratio is 54.05%.
DSW announced that its board has initiated a share repurchase plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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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