Nationwide Fund Advisors Has $1,471,000 Position in DSW Inc. (DSW)
Nationwide Fund Advisors raised its position in shares of DSW Inc. (NYSE:DSW) by 120.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,432 shares of the company’s stock after buying an additional 37,961 shares during the period. Nationwide Fund Advisors owned about 0.08% of DSW worth $1,471,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in DSW. JPMorgan Chase & Co. raised its stake in shares of DSW by 7,052.4% in the second quarter. JPMorgan Chase & Co. now owns 116,941 shares of the company’s stock worth $2,477,000 after buying an additional 115,306 shares in the last quarter. Royce & Associates LP raised its stake in shares of DSW by 17.8% in the second quarter. Royce & Associates LP now owns 2,496,076 shares of the company’s stock worth $52,867,000 after buying an additional 376,500 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in shares of DSW by 16.4% in the second quarter. Shufro Rose & Co. LLC now owns 93,580 shares of the company’s stock worth $1,982,000 after buying an additional 13,161 shares in the last quarter. Boston Partners raised its stake in shares of DSW by 11.4% in the second quarter. Boston Partners now owns 161,075 shares of the company’s stock worth $3,412,000 after buying an additional 16,507 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of DSW during the second quarter worth $977,000. 87.84% of the stock is currently owned by institutional investors.
Shares of DSW Inc. (NYSE:DSW) opened at 20.63 on Wednesday. DSW Inc. has a 52 week low of $18.51 and a 52 week high of $29.53. The stock’s 50 day moving average is $22.08 and its 200 day moving average is $22.99. The stock has a market capitalization of $1.70 billion, a PE ratio of 16.46 and a beta of 0.84.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm earned $659 million during the quarter, compared to analysts’ expectations of $658.95 million. DSW had a net margin of 3.96% and a return on equity of 12.51%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Analysts anticipate that DSW Inc. will post $1.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Wednesday, September 14th. DSW’s payout ratio is 64.52%.
DSW has been the subject of a number of research reports. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, October 4th. Susquehanna initiated coverage on shares of DSW in a research report on Thursday, September 15th. They set a “negative” rating and a $19.00 price target for the company. Canaccord Genuity set a $23.00 price target on shares of DSW and gave the company a “hold” rating in a research report on Thursday, September 15th. B. Riley reiterated a “neutral” rating and set a $23.00 price target on shares of DSW in a research report on Monday, September 5th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $23.00 price target on shares of DSW in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. DSW has an average rating of “Hold” and an average price target of $23.80.
In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the completion of the sale, the director now directly owns 20,142 shares in the company, valued at $473,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now owns 72,333 shares of the company’s stock, valued at $1,808,325. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company’s stock.
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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