Fenimore Asset Management Inc. boosted its stake in shares of DSW Inc. (NYSE:DSW) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 1,397,157 shares of the company’s stock after buying an additional 2,125 shares during the period. DSW accounts for 1.4% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Fenimore Asset Management Inc.’s holdings in DSW were worth $28,614,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Aperio Group LLC raised its position in DSW by 66.8% in the first quarter. Aperio Group LLC now owns 30,503 shares of the company’s stock worth $843,000 after buying an additional 12,211 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its position in DSW by 1.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 9,143 shares of the company’s stock worth $253,000 after buying an additional 100 shares in the last quarter. Virginia Retirement System bought a new position in DSW during the first quarter worth approximately $506,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in DSW during the first quarter worth approximately $700,000. Finally, TIAA CREF Investment Management LLC raised its position in DSW by 3.8% in the first quarter. TIAA CREF Investment Management LLC now owns 205,215 shares of the company’s stock worth $5,672,000 after buying an additional 7,577 shares in the last quarter. Institutional investors own 87.86% of the company’s stock.
DSW Inc. (NYSE:DSW) traded up 1.92% during midday trading on Wednesday, hitting $21.20. 383,118 shares of the company traded hands. The stock’s 50-day moving average is $22.78 and its 200-day moving average is $23.23. The firm has a market capitalization of $1.74 billion, a PE ratio of 16.92 and a beta of 0.84. 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 Thomson Reuters’ 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 earned $659 million during the quarter, compared to the consensus estimate of $658.95 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that DSW Inc. will post $1.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, September 14th. DSW’s payout ratio is presently 64.52%.
A number of research firms recently commented on DSW. B. Riley reiterated a “neutral” rating and set a $23.00 price objective on shares of DSW in a research note on Wednesday, August 31st. Zacks Investment Research upgraded shares of DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Canaccord Genuity reiterated a “hold” rating and set a $23.00 price objective on shares of DSW in a research note on Wednesday, September 7th. Credit Suisse Group AG reiterated a “hold” rating and set a $23.00 price objective on shares of DSW in a research note on Wednesday, August 31st. Finally, Citigroup Inc. raised their price objective on shares of DSW from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.80.
In other news, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction on Thursday, September 1st. The shares were 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 owns 20,142 shares of the company’s stock, valued at $473,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William L. Jordan sold 42,423 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the transaction, the executive vice president now owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. 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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