United Services Automobile Association Sells 22,900 Shares of DSW Inc. (DSW)

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United Services Automobile Association lessened its stake in shares of DSW Inc. (NYSE:DSW) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,568 shares of the company’s stock after selling 22,900 shares during the quarter. United Services Automobile Association’s holdings in DSW were worth $2,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its stake in shares of DSW by 1.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,591,579 shares of the company’s stock worth $41,094,000 after acquiring an additional 16,173 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of DSW by 12.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 31,615 shares of the company’s stock worth $816,000 after acquiring an additional 3,503 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of DSW by 1,194.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 84,940 shares of the company’s stock worth $2,194,000 after acquiring an additional 78,376 shares in the last quarter. Strs Ohio bought a new stake in shares of DSW during the 2nd quarter worth about $371,000. Finally, Guggenheim Capital LLC boosted its stake in shares of DSW by 3.2% during the 1st quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after acquiring an additional 3,767 shares in the last quarter. Institutional investors own 89.18% of the company’s stock.

DSW stock opened at $25.16 on Friday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.69 and a beta of 0.88. DSW Inc. has a 12 month low of $17.75 and a 12 month high of $34.63.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.46 by $0.17. The firm had revenue of $793.70 million during the quarter, compared to analysts’ expectations of $689.41 million. DSW had a return on equity of 15.75% and a net margin of 0.06%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts expect that DSW Inc. will post 1.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Monday, September 24th were issued a $0.25 dividend. The ex-dividend date was Friday, September 21st. This represents a $1.00 annualized dividend and a yield of 3.97%. DSW’s dividend payout ratio (DPR) is 65.79%.

Several research firms have recently issued reports on DSW. MKM Partners set a $29.00 price target on DSW and gave the stock a “hold” rating in a research note on Friday, October 12th. Deutsche Bank boosted their price objective on DSW from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Wedbush boosted their price objective on DSW from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, August 13th. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, B. Riley set a $30.00 price objective on DSW and gave the stock a “hold” rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.38.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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