DSW Inc. (DSW) Trading Up 3.3%
DSW Inc. (NYSE:DSW) was up 3.3% during mid-day trading on Monday . The stock traded as high as $24.21 and last traded at $24.16, with a volume of 1,356,416 shares changing hands. The stock had previously closed at $23.39.
Several equities research analysts recently issued reports on DSW shares. Vetr raised DSW from a “hold” rating to a “buy” rating and set a $28.10 price target on the stock in a research report on Thursday, April 7th. Jefferies Group reissued a “buy” rating and set a $26.00 price target (down from $33.00) on shares of DSW in a research report on Wednesday, May 25th. William Blair reaffirmed a “buy” rating on shares of DSW in a research report on Wednesday, June 8th. Buckingham Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of DSW in a research report on Friday, July 15th. Finally, Deutsche Bank AG dropped their target price on DSW from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.46.
The company has a market capitalization of $1.99 billion and a price-to-earnings ratio of 17.76. The firm’s 50-day moving average price is $21.68 and its 200-day moving average price is $23.87.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.06. During the same period last year, the firm posted $0.53 EPS. The business had revenue of $681.30 million for the quarter, compared to analyst estimates of $699.58 million. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts expect that DSW Inc. will post $1.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, June 14th.
In related news, CEO Roger Rawlins purchased 12,249 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was bought at an average cost of $20.49 per share, with a total value of $250,982.01. Following the completion of the purchase, the chief executive officer now directly owns 20,657 shares in the company, valued at $423,261.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors recently added to or reduced their stakes in DSW. California Public Employees Retirement System increased its position in DSW by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 158,100 shares of the company’s stock worth $3,772,000 after buying an additional 1,300 shares during the last quarter. California State Teachers Retirement System increased its position in DSW by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 139,969 shares of the company’s stock worth $3,340,000 after buying an additional 2,128 shares during the last quarter. State of Wisconsin Investment Board increased its position in DSW by 47.7% in the fourth quarter. State of Wisconsin Investment Board now owns 104,474 shares of the company’s stock worth $2,493,000 after buying an additional 33,751 shares during the last quarter. Century Capital Management LLC increased its position in DSW by 10.5% in the fourth quarter. Century Capital Management LLC now owns 470,266 shares of the company’s stock worth $11,221,000 after buying an additional 44,496 shares during the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in DSW during the fourth quarter worth about $2,032,000.
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
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