DSW Inc. (DSW) CFO Jared A. Poff Sells 1,960 Shares of Stock

DSW Inc. (NYSE:DSW) CFO Jared A. Poff sold 1,960 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total transaction of $49,921.20. Following the completion of the transaction, the chief financial officer now directly owns 11,785 shares in the company, valued at approximately $300,163.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of DSW stock traded up $0.02 during trading hours on Thursday, hitting $25.22. 1,692,795 shares of the company were exchanged, compared to its average volume of 1,836,279. DSW Inc. has a 52-week low of $15.14 and a 52-week high of $26.45. The firm has a market cap of $2.03 billion, a P/E ratio of 16.56, a PEG ratio of 2.17 and a beta of 0.62.

DSW (NYSE:DSW) last issued its quarterly earnings results on Wednesday, May 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. DSW had a net margin of 2.43% and a return on equity of 13.42%. The company had revenue of $712.10 million during the quarter, compared to analyst estimates of $683.83 million. During the same quarter last year, the business posted $0.32 EPS. DSW’s quarterly revenue was up 2.9% compared to the same quarter last year. equities research analysts anticipate that DSW Inc. will post 1.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Thursday, June 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. DSW’s payout ratio is currently 65.79%.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in DSW by 0.3% in the 1st quarter. BlackRock Inc. now owns 8,981,008 shares of the company’s stock valued at $201,713,000 after buying an additional 29,673 shares in the last quarter. Royce & Associates LP grew its stake in DSW by 10.4% in the 4th quarter. Royce & Associates LP now owns 2,314,513 shares of the company’s stock valued at $49,554,000 after buying an additional 217,410 shares in the last quarter. Northern Trust Corp grew its stake in DSW by 33.4% in the 1st quarter. Northern Trust Corp now owns 1,945,988 shares of the company’s stock valued at $43,707,000 after buying an additional 487,330 shares in the last quarter. OppenheimerFunds Inc. grew its stake in DSW by 36.5% in the 4th quarter. OppenheimerFunds Inc. now owns 1,576,873 shares of the company’s stock valued at $33,760,000 after buying an additional 421,408 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in DSW by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,341,297 shares of the company’s stock valued at $28,718,000 after buying an additional 12,324 shares in the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

Several brokerages recently weighed in on DSW. Deutsche Bank raised their price target on shares of DSW from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 19th. ValuEngine raised shares of DSW from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 14th. B. Riley reissued a “hold” rating on shares of DSW in a research report on Wednesday, March 7th. Canaccord Genuity set a $20.00 target price on shares of DSW and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, Standpoint Research cut shares of DSW from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.44.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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

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