Alliancebernstein L.P. lessened its holdings in DSW Inc. (NYSE:DSW) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,700 shares of the company’s stock after selling 1,910 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of DSW worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in DSW. FNY Managed Accounts LLC bought a new position in DSW in the 1st quarter valued at $100,000. Ameritas Investment Partners Inc. bought a new position in DSW in the 1st quarter valued at $120,000. State of Tennessee Treasury Department bought a new position in DSW in the 1st quarter valued at $143,000. PNC Financial Services Group Inc. grew its position 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in DSW in the 2nd quarter valued at $196,000. 85.55% of the stock is currently owned by institutional investors.

Several equities analysts have commented on DSW shares. Canaccord Genuity set a $17.00 price objective on DSW and gave the company a “hold” rating in a research report on Sunday, August 20th. Jefferies Group LLC set a $20.00 price objective on DSW and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Wedbush raised DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Wednesday, July 26th. Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded DSW from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.96.

TRADEMARK VIOLATION NOTICE: This story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/20/dsw-inc-dsw-shares-sold-by-alliancebernstein-l-p.html.

In related news, Chairman Deborah L. Ferree sold 10,073 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $21.53, for a total transaction of $216,871.69. Following the completion of the transaction, the chairman now directly owns 113,920 shares of the company’s stock, valued at approximately $2,452,697.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William L. Jordan sold 15,100 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $19.00, for a total value of $286,900.00. Following the transaction, the executive vice president now directly owns 56,688 shares of the company’s stock, valued at $1,077,072. The disclosure for this sale can be found here. Insiders have sold a total of 127,891 shares of company stock valued at $2,559,458 over the last three months. 20.40% of the stock is currently owned by insiders.

Shares of DSW Inc. (NYSE DSW) opened at 19.72 on Friday. DSW Inc. has a 52 week low of $15.14 and a 52 week high of $25.96. The stock has a market capitalization of $1.58 billion, a PE ratio of 13.22 and a beta of 0.83. The company’s 50 day moving average price is $20.02 and its 200-day moving average price is $18.69.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, beating 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 business had revenue of $680.40 million during the quarter, compared to analysts’ expectations of $666.66 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that DSW Inc. will post $1.50 EPS for the current year.

DSW declared that its board has approved a stock buyback program on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 33.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, September 18th. This represents a $0.80 annualized dividend and a yield of 4.06%. DSW’s payout ratio is 54.05%.

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.

Want to see what other hedge funds are holding DSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DSW Inc. (NYSE:DSW).

Institutional Ownership by Quarter for DSW (NYSE:DSW)

Receive News & Stock Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related stocks with our FREE daily email newsletter.