Victory Capital Management Inc. increased its stake in shares of DSW Inc. (NYSE:DSW) by 17.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,144 shares of the company’s stock after buying an additional 1,969 shares during the period. Victory Capital Management Inc.’s holdings in DSW were worth $278,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of DSW by 1,174.8% in the first quarter. Prudential Financial Inc. now owns 515,675 shares of the company’s stock valued at $14,253,000 after buying an additional 475,223 shares during the last quarter. MIG Capital LLC boosted its position in shares of DSW by 478.7% in the first quarter. MIG Capital LLC now owns 541,000 shares of the company’s stock valued at $14,953,000 after buying an additional 447,515 shares during the last quarter. Royce & Associates LP boosted its position 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 valued at $52,867,000 after buying an additional 376,500 shares during the last quarter. Fenimore Asset Management Inc. boosted its position in shares of DSW by 33.3% in the second quarter. Fenimore Asset Management Inc. now owns 1,395,032 shares of the company’s stock valued at $29,547,000 after buying an additional 348,150 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of DSW during the second quarter valued at about $6,079,000. 87.86% of the stock is currently owned by institutional investors.
Shares of DSW Inc. (NYSE:DSW) traded up 0.29% during trading on Monday, reaching $20.54. The company’s stock had a trading volume of 230,754 shares. The company has a market cap of $1.69 billion, a PE ratio of 16.39 and a beta of 0.84. The company has a 50 day moving average of $23.57 and a 200 day moving average of $23.57. DSW Inc. has a 12-month low of $18.51 and a 12-month high of $29.53.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, August 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. DSW had a return on equity of 12.51% and a net margin of 3.96%. The business had revenue of $659 million for the quarter, compared to the consensus estimate of $658.95 million. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that DSW Inc. will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.91%. DSW’s dividend payout ratio (DPR) is currently 64.52%.
DSW has been the topic of several analyst reports. Wells Fargo & Co. raised DSW from an “underperform” rating to a “market perform” rating in a research report on Monday, July 11th. Susquehanna assumed coverage on DSW in a research report on Thursday, September 15th. They issued a “negative” rating and a $19.00 price objective on the stock. Buckingham Research reissued a “buy” rating and issued a $27.00 price objective on shares of DSW in a research report on Friday, July 15th. Deutsche Bank AG boosted their price objective on DSW from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, July 15th. Finally, Telsey Advisory Group boosted their price objective on DSW from $23.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. DSW has an average rating of “Hold” and a consensus price target of $23.99.
In other news, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total value of $1,060,575.00. Following the transaction, the executive vice president now directly owns 72,333 shares in the company, valued at approximately $1,808,325. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total value of $188,000.00. Following the completion of the transaction, the director now owns 20,142 shares in the company, valued at $473,337. The disclosure for this sale can be found here. 20.30% of the stock is owned by 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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