Pekin Singer Strauss Asset Management IL reduced its position in shares of DSW Inc. (NYSE:DSW) by 25.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,150 shares of the company’s stock after selling 8,100 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in DSW were worth $410,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of DSW during the first quarter worth approximately $100,000. Ameritas Investment Partners Inc. acquired a new stake in shares of DSW during the first quarter worth approximately $120,000. State of Tennessee Treasury Department acquired a new stake in shares of DSW during the first quarter worth approximately $143,000. State of Alaska Department of Revenue acquired a new stake in shares of DSW during the first quarter worth approximately $154,000. Finally, PNC Financial Services Group Inc. boosted 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. Institutional investors and hedge funds own 88.08% of the company’s stock.

DSW Inc. (NYSE DSW) opened at 17.27 on Friday. The firm’s 50-day moving average is $17.60 and its 200 day moving average is $19.14. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 11.98 and a beta of 0.83. DSW Inc. has a 52 week low of $15.98 and a 52 week high of $26.22.

DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The company had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same period in the prior year, the company earned $0.40 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that DSW Inc. will post $1.44 EPS for the current year.

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A number of brokerages have recently commented on DSW. B. Riley reiterated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research report on Wednesday, May 24th. Canaccord Genuity reduced their target price on shares of DSW from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, May 24th. Zacks Investment Research upgraded shares of DSW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, July 25th. Finally, Wedbush upgraded shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.53.

In other news, Director Harvey L. Sonnenberg sold 8,439 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the completion of the transaction, the director now owns 12,242 shares of the company’s stock, valued at approximately $220,356. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of the company’s stock in a transaction dated 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 directly owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.

DSW Company Profile

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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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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