William L. Jordan Sells 10,000 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $21.32, for a total value of $213,200.00. Following the completion of the transaction, the executive vice president now directly owns 51,588 shares of the company’s stock, valued at $1,099,856.16. The transaction was disclosed in a document filed with the SEC, which is available through this link.
DSW Inc. (NYSE DSW) opened at 21.32 on Wednesday. DSW Inc. has a one year low of $15.14 and a one year high of $25.96. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.29 and a beta of 0.83. The firm’s 50-day moving average is $19.29 and its 200 day moving average is $18.66.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $666.66 million. During the same period in the prior year, the business earned $0.35 earnings per share. DSW’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts forecast that DSW Inc. will post $1.50 EPS for the current fiscal year.
DSW announced that its board has authorized a stock buyback plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 33.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, September 18th. DSW’s dividend payout ratio (DPR) is presently 54.05%.
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A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of DSW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of DSW in a research report on Thursday, September 28th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $21.00 price target on shares of DSW in a research report on Thursday, August 24th. Deutsche Bank AG raised shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 25th. Finally, B. Riley raised DSW from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.50 to $22.00 in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.96.
Hedge funds and other institutional investors 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 worth about $100,000. Ameritas Investment Partners Inc. acquired a new position in DSW in the 1st quarter valued at approximately $120,000. State of Tennessee Treasury Department acquired a new position in DSW in the 1st quarter valued at approximately $143,000. PNC Financial Services Group Inc. raised its holdings in DSW by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after acquiring an additional 283 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in DSW in the 2nd quarter valued at approximately $196,000. Institutional investors and hedge funds own 85.55% 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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