Deborah L. Ferree Sells 114,854 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) Chairman Deborah L. Ferree sold 114,854 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $24.88, for a total transaction of $2,857,567.52. Following the completion of the sale, the chairman now owns 228,774 shares in the company, valued at $5,691,897.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of DSW Inc. (NYSE:DSW) opened at 23.71 on Wednesday. DSW Inc. has a 1-year low of $18.51 and a 1-year high of $29.53. The company’s 50 day moving average is $21.95 and its 200-day moving average is $22.34. The company has a market capitalization of $1.96 billion, a P/E ratio of 18.61 and a beta of 0.72.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. DSW had a net margin of 3.90% and a return on equity of 12.45%. The business had revenue of $697 million for the quarter, compared to analyst estimates of $710.42 million. During the same period last year, the firm earned $0.44 earnings per share. DSW’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that DSW Inc. will post $1.40 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Wednesday, December 14th. DSW’s dividend payout ratio is 62.99%.
Institutional investors have recently added to or reduced their stakes in the company. Cambiar Investors LLC raised its position in DSW by 20.9% in the second quarter. Cambiar Investors LLC now owns 1,339,224 shares of the company’s stock worth $28,365,000 after buying an additional 231,953 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in DSW during the second quarter worth approximately $107,000. Dimensional Fund Advisors LP raised its position in DSW by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,047,286 shares of the company’s stock worth $64,540,000 after buying an additional 664,487 shares in the last quarter. Parkwood LLC raised its position in DSW by 54.2% in the second quarter. Parkwood LLC now owns 21,424 shares of the company’s stock worth $454,000 after buying an additional 7,531 shares in the last quarter. Finally, Pekin Singer Strauss Asset Management IL raised its position in DSW by 23.6% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 597,614 shares of the company’s stock worth $12,657,000 after buying an additional 114,127 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and set a $23.00 target price (up from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group lifted their target price on shares of DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, November 22nd. B. Riley reiterated a “neutral” rating and set a $26.00 target price on shares of DSW in a research report on Wednesday, November 23rd. Finally, Jefferies Group set a $28.00 target price on shares of DSW and gave the company a “buy” rating in a research report on Thursday, November 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. DSW presently has an average rating of “Hold” and an average target price of $24.64.
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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