DSW Inc. (NYSE:DSW) Stake Lowered by OLD National Bancorp IN
OLD National Bancorp IN reduced its position in DSW Inc. (NYSE:DSW) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 16,774 shares of the company’s stock after selling 833 shares during the period. OLD National Bancorp IN’s holdings in DSW were worth $297,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of DSW. State of Alaska Department of Revenue raised its position in DSW by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 13,320 shares of the company’s stock worth $235,000 after buying an additional 5,870 shares during the last quarter. Capstone Asset Management Co. acquired a new position in DSW during the second quarter worth approximately $210,000. Smith Graham & Co. Investment Advisors LP raised its position in DSW by 12.1% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 241,670 shares of the company’s stock worth $4,278,000 after buying an additional 26,160 shares during the last quarter. Nuveen Asset Management LLC raised its position in DSW by 53.5% in the first quarter. Nuveen Asset Management LLC now owns 22,433 shares of the company’s stock worth $464,000 after buying an additional 7,819 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in DSW by 434.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock worth $35,030,000 after buying an additional 1,376,800 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.
Shares of DSW Inc. (NYSE:DSW) opened at 17.06 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 11.84 and a beta of 0.83. DSW Inc. has a 12-month low of $15.98 and a 12-month high of $26.22. The firm’s 50-day moving average price is $17.22 and its 200-day moving average price is $19.45.
DSW (NYSE:DSW) last announced its 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. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts predict that DSW Inc. will post $1.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.69%. DSW’s payout ratio is presently 55.94%.
A number of research firms have recently commented on DSW. BidaskClub lowered DSW from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Cleveland Research upgraded DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 8th. ValuEngine lowered DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reiterated a “neutral” rating and issued a $18.50 price objective on shares of DSW in a research note on Monday, May 29th. Finally, Zacks Investment Research lowered DSW from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.64.
In other DSW news, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the transaction, the director now 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 the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the transaction, the director now owns 12,242 shares in the company, valued at approximately $220,356. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.
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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