Kennedy Capital Management Inc. Reduces Position in DSW Inc. (DSW)
Kennedy Capital Management Inc. reduced its position in shares of DSW Inc. (NYSE:DSW) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,842 shares of the company’s stock after selling 7,427 shares during the period. Kennedy Capital Management Inc. owned approximately 0.30% of DSW worth $4,245,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in DSW by 42,735.5% during the 1st quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after purchasing an additional 8,327,020 shares during the last quarter. Vanguard Group Inc. lifted its holdings in DSW by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock worth $119,615,000 after purchasing an additional 788,073 shares during the last quarter. FMR LLC lifted its holdings in DSW by 4.2% during the 1st quarter. FMR LLC now owns 5,758,260 shares of the company’s stock worth $119,081,000 after purchasing an additional 229,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in DSW by 36.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock worth $87,390,000 after purchasing an additional 1,135,336 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in DSW by 110.6% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock worth $49,809,000 after purchasing an additional 1,264,730 shares during the last quarter. 85.55% of the stock is owned by institutional investors and hedge funds.
In related news, EVP William L. Jordan sold 4,600 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $19.01, for a total value of $87,446.00. Following the sale, the executive vice president now owns 46,188 shares in the company, valued at $878,033.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Jordan sold 2,666 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the sale, the executive vice president now owns 44,254 shares in the company, valued at approximately $886,407.62. The disclosure for this sale can be found here. Insiders sold 120,476 shares of company stock worth $2,356,471 in the last quarter. 20.40% of the stock is currently owned by company insiders.
Several analysts recently weighed in on DSW shares. CL King raised DSW from a “neutral” rating to a “buy” rating in a report on Tuesday, May 23rd. Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, July 25th. B. Riley raised DSW from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.50 to $22.00 in a report on Wednesday, August 23rd. BidaskClub raised DSW from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, ValuEngine cut DSW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.75.
DSW Inc. (NYSE:DSW) opened at 20.35 on Friday. The stock’s 50 day moving average price is $18.29 and its 200-day moving average price is $18.66. The firm has a market cap of $1.64 billion, a PE ratio of 13.64 and a beta of 0.80. DSW Inc. has a 12-month low of $15.14 and a 12-month high of $25.96.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company had revenue of $680.40 million for the quarter, compared to the consensus estimate of $666.66 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that DSW Inc. will post $1.50 earnings per share for the current fiscal year.
DSW announced that its Board of Directors has initiated a share buyback program on Tuesday, August 22nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.93%. DSW’s dividend payout ratio (DPR) is presently 54.05%.
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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