DSW Inc. (NYSE:DSW) announced a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, December 16th will be given a dividend of 0.20 per share on Friday, December 30th. This represents a $0.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, December 14th.

DSW (NYSE:DSW) traded up 7.93% during mid-day trading on Tuesday, reaching $24.90. The company had a trading volume of 6,169,513 shares. DSW has a 52 week low of $18.51 and a 52 week high of $29.53. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.87 and a beta of 0.72. The stock has a 50 day moving average of $21.45 and a 200 day moving average of $22.31.

DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The company earned $697 million during the quarter, compared to analysts’ expectations of $710.42 million. DSW had a return on equity of 12.51% and a net margin of 3.96%. DSW’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. Analysts anticipate that DSW will post $1.39 earnings per share for the current year.

Dividend History for DSW (NYSE:DSW)

Several research analysts recently weighed in on the company. B. Riley reiterated a “neutral” rating and set a $23.00 price target on shares of DSW in a research report on Monday, September 5th. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Standpoint Research started coverage on DSW in a research report on Friday, November 4th. They issued a “buy” rating and a $28.00 price objective for the company. Canaccord Genuity set a $23.00 price objective on DSW and gave the company a “hold” rating in a research report on Thursday, September 15th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $23.00 price objective on shares of DSW in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued 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 price target of $23.99.

In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the business’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 sale, the director now owns 20,142 shares in the company, valued at approximately $473,337. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William L. Jordan sold 42,423 shares of the business’s stock in a transaction 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 owns 72,333 shares in the company, valued at approximately $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of DSW. BlackRock Fund Advisors increased its stake in DSW by 143.4% in the second quarter. BlackRock Fund Advisors now owns 1,647,457 shares of the company’s stock valued at $34,893,000 after buying an additional 970,513 shares in the last quarter. Point72 Asset Management L.P. increased its stake in DSW by 1,165.2% in the second quarter. Point72 Asset Management L.P. now owns 846,400 shares of the company’s stock valued at $17,927,000 after buying an additional 779,500 shares in the last quarter. Morgan Stanley increased its stake in DSW by 970.8% in the third quarter. Morgan Stanley now owns 762,555 shares of the company’s stock valued at $15,617,000 after buying an additional 691,340 shares in the last quarter. Credit Suisse AG increased its stake in DSW by 133.9% in the third quarter. Credit Suisse AG now owns 610,437 shares of the company’s stock valued at $12,502,000 after buying an additional 349,490 shares in the last quarter. Finally, State Street Corp increased its stake in DSW by 29.7% in the second quarter. State Street Corp now owns 1,427,335 shares of the company’s stock valued at $30,226,000 after buying an additional 326,626 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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About DSW

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.

5 Day Chart for NYSE:DSW

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