Bbva Compass Bancshares Inc. Reduces Stake in DSW Inc. (NYSE:DSW)
Bbva Compass Bancshares Inc. lowered its position in DSW Inc. (NYSE:DSW) by 27.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,453 shares of the company’s stock after selling 3,922 shares during the period. Bbva Compass Bancshares Inc.’s holdings in DSW were worth $185,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Guggenheim Capital LLC raised its position in shares of DSW by 30.8% in the fourth quarter. Guggenheim Capital LLC now owns 37,885 shares of the company’s stock worth $858,000 after buying an additional 8,932 shares during the last quarter. Teachers Advisors LLC raised its position in shares of DSW by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 123,121 shares of the company’s stock worth $2,789,000 after buying an additional 1,645 shares during the last quarter. Skylands Capital LLC purchased a new position in shares of DSW during the first quarter worth $1,213,000. Louisiana State Employees Retirement System purchased a new position in shares of DSW during the first quarter worth $569,000. Finally, Smith Graham & Co. Investment Advisors LP raised its position in shares of DSW by 18.4% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 215,510 shares of the company’s stock worth $4,457,000 after buying an additional 33,480 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.
DSW Inc. (NYSE:DSW) opened at 16.97 on Friday. The company has a market cap of $1.36 billion, a P/E ratio of 11.78 and a beta of 0.83. DSW Inc. has a 52 week low of $15.98 and a 52 week high of $26.22. The firm has a 50-day moving average price of $17.58 and a 200-day moving average price of $19.16.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business had revenue of $691.10 million during the quarter, compared to analysts’ expectations of $684.34 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that DSW Inc. will post $1.44 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on DSW shares. Buckingham Research lowered DSW from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research report on Monday, May 8th. Zacks Investment Research raised DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $19.00 target price on shares of DSW in a research report on Tuesday, May 16th. CL King raised DSW from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, B. Riley reissued a “neutral” rating and issued a $18.50 price target on shares of DSW in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. DSW has an average rating of “Hold” and a consensus price target of $21.53.
In other news, Director Joanne Zaiac sold 4,219 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the completion of the transaction, the director now owns 4,313 shares in the company, valued at $76,857.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the transaction, the director now owns 12,242 shares of the company’s stock, valued at approximately $220,356. The disclosure for this sale can be found here. 20.40% of the stock is owned by insiders.
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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