DSW Inc. (DSW) Chairman Deborah L. Ferree Sells 114,854 Shares
DSW Inc. (NYSE:DSW) Chairman Deborah L. Ferree sold 114,854 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $24.88, for a total value of $2,857,567.52. Following the completion of the transaction, the chairman now directly owns 228,774 shares in the company, valued at $5,691,897.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
DSW Inc. (NYSE:DSW) opened at 24.61 on Tuesday. DSW Inc. has a 52 week low of $18.51 and a 52 week high of $29.53. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.64 and a beta of 0.72. The company has a 50-day moving average of $21.95 and a 200-day moving average of $22.34.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $697 million for the quarter, compared to analyst estimates of $710.42 million. DSW had a net margin of 3.90% and a return on equity of 12.45%. DSW’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. Analysts anticipate that DSW Inc. will post $1.40 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.25%. DSW’s dividend payout ratio is presently 62.99%.
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DSW has been the topic of several research reports. B. Riley reissued a “neutral” rating and issued a $23.00 target price on shares of DSW in a research report on Wednesday, August 31st. Canaccord Genuity reissued a “hold” rating and issued a $23.00 target price (up from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group cut their target price on DSW from $27.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 31st. Zacks Investment Research downgraded DSW from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, Susquehanna assumed coverage on DSW in a research report on Thursday, September 15th. They set a “negative” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.64.
A number of hedge funds and other institutional investors have recently bought and sold shares of DSW. MSI Financial Services Inc raised its position in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock worth $137,000 after buying an additional 190 shares in the last quarter. Afam Capital Inc. raised its position in DSW by 0.4% in the third quarter. Afam Capital Inc. now owns 102,994 shares of the company’s stock worth $2,109,000 after buying an additional 442 shares in the last quarter. HighTower Advisors LLC raised its position in DSW by 1.6% in the third quarter. HighTower Advisors LLC now owns 30,373 shares of the company’s stock worth $625,000 after buying an additional 468 shares in the last quarter. Sei Investments Co. raised its position in DSW by 2.6% in the second quarter. Sei Investments Co. now owns 19,904 shares of the company’s stock worth $422,000 after buying an additional 505 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its position in DSW by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,358 shares of the company’s stock worth $791,000 after buying an additional 687 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.
DSW Company Profile
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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