Dimensional Fund Advisors LP increased its stake in shares of DSW Inc. (NYSE:DSW) by 27.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,047,286 shares of the company’s stock after buying an additional 664,487 shares during the period. Dimensional Fund Advisors LP owned 3.72% of DSW worth $64,540,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Systematic Financial Management LP bought a new stake in shares of DSW during the second quarter valued at about $1,782,000. Teacher Retirement System of Texas boosted its stake in shares of DSW by 7.8% in the second quarter. Teacher Retirement System of Texas now owns 10,468 shares of the company’s stock valued at $222,000 after buying an additional 753 shares during the period. Olstein Capital Management L.P. boosted its stake in shares of DSW by 51.9% in the second quarter. Olstein Capital Management L.P. now owns 566,705 shares of the company’s stock valued at $12,003,000 after buying an additional 193,705 shares during the period. Victory Capital Management Inc. boosted its stake in shares of DSW by 17.6% in the second quarter. Victory Capital Management Inc. now owns 13,144 shares of the company’s stock valued at $278,000 after buying an additional 1,969 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of DSW by 120.6% in the second quarter. Nationwide Fund Advisors now owns 69,432 shares of the company’s stock valued at $1,471,000 after buying an additional 37,961 shares during the period. 87.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of DSW Inc. (NYSE:DSW) opened at 20.48 on Friday. 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 price is $23.57 and its 200-day moving average price is $23.57. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.34 and a beta of 0.74.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. DSW had a net margin of 3.96% and a return on equity of 12.51%. The firm had revenue of $659 million for the quarter, compared to the consensus estimate of $658.95 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Equities research 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. Shareholders of record on Friday, September 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.91%. The ex-dividend date was Wednesday, September 14th. DSW’s dividend payout ratio is 64.52%.
Several brokerages have issued reports on DSW. Susquehanna began coverage on DSW in a research report on Thursday, September 15th. They set a “negative” rating and a $19.00 target price on the stock. Canaccord Genuity set a $23.00 price objective on DSW and gave the company a “hold” rating in a report on Thursday, September 15th. Zacks Investment Research lowered DSW from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. B. Riley reiterated a “neutral” rating and set a $23.00 price objective on shares of DSW in a report on Monday, September 5th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $23.00 price objective on shares of DSW in a report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.99.
In other DSW news, EVP William L. Jordan sold 42,423 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total value of $1,060,575.00. Following the completion of the sale, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at $1,808,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was 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 of the company’s stock, valued at $473,337. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by company insiders.
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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