Insider Selling: DSW Inc. (NYSE:DSW) Director Sells 4,219 Shares of Stock
DSW Inc. (NYSE:DSW) Director Joanne Zaiac sold 4,219 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total value of $75,182.58. Following the completion of the sale, the director now directly owns 4,313 shares in the company, valued at approximately $76,857.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of DSW Inc. (NYSE DSW) traded down 1.85% during mid-day trading on Friday, hitting $17.02. The stock had a trading volume of 943,027 shares. The stock’s 50-day moving average is $17.39 and its 200 day moving average is $20.12. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.81 and a beta of 0.83. DSW Inc. has a 1-year low of $15.98 and a 1-year high of $26.22.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Equities research analysts predict that DSW Inc. will post $1.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Tuesday, June 13th. DSW’s dividend payout ratio (DPR) is currently 55.94%.
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Several hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC acquired a new stake in DSW during the first quarter valued at approximately $100,000. Ameritas Investment Partners Inc. purchased a new stake in shares of DSW during the first quarter worth about $120,000. State of Tennessee Treasury Department purchased a new stake in shares of DSW during the first quarter worth about $143,000. State of Alaska Department of Revenue purchased a new stake in shares of DSW during the first quarter worth about $154,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after buying an additional 283 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.
DSW has been the topic of a number of research analyst reports. Zacks Investment Research downgraded DSW from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Buckingham Research cut DSW from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research note on Monday, May 8th. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price target on shares of DSW in a research note on Tuesday, May 16th. Finally, BidaskClub cut DSW from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DSW currently has a consensus rating of “Hold” and a consensus price target of $21.64.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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