William L. Jordan Sells 15,100 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 15,100 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $19.00, for a total transaction of $286,900.00. Following the completion of the sale, the executive vice president now owns 56,688 shares of the company’s stock, valued at approximately $1,077,072. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
DSW Inc. (DSW) opened at 19.47 on Wednesday. The stock’s 50 day moving average is $18.04 and its 200-day moving average is $18.66. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $25.96. The firm has a market capitalization of $1.56 billion, a PE ratio of 13.05 and a beta of 0.80.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The company had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Equities research analysts forecast that DSW Inc. will post $1.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, September 18th. DSW’s payout ratio is 54.05%.
DSW announced that its board has initiated a share repurchase plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of DSW by 1.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock valued at $343,000 after purchasing an additional 300 shares in the last quarter. Aperio Group LLC raised its stake in shares of DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after purchasing an additional 815 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in shares of DSW by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock valued at $1,469,000 after purchasing an additional 915 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock valued at $1,985,000 after purchasing an additional 1,099 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.
Several analysts recently commented on the stock. B. Riley reiterated a “neutral” rating and issued a $18.50 price target on shares of DSW in a research report on Monday, May 29th. Citigroup Inc. reduced their price target on shares of DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Telsey Advisory Group reduced their price target on shares of DSW from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, May 24th. BidaskClub upgraded shares of DSW from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Wedbush upgraded shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen 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 presently has an average rating of “Hold” and a consensus target price of $21.75.
DSW Company Profile
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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