Stonebridge Capital Management Inc. continued to hold its position in DSW Inc. (NYSE:DSW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,250 shares of the company’s stock at the end of the second quarter. Stonebridge Capital Management Inc.’s holdings in DSW were worth $238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Americafirst Capital Management LLC purchased a new position in DSW during the second quarter worth about $107,000. Nisa Investment Advisors L.L.C. increased its position in DSW by 1.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 9,143 shares of the company’s stock worth $253,000 after buying an additional 100 shares in the last quarter. Mariner Wealth Advisors LLC bought a new position in DSW during the first quarter worth $260,000. OMERS ADMINISTRATION Corp bought a new position in DSW during the first quarter worth $279,000. Finally, Bayesian Capital Management LP bought a new position in DSW during the first quarter worth $316,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
Shares of DSW Inc. (NYSE:DSW) traded down 2.36% during trading on Thursday, hitting $20.29. The stock had a trading volume of 1,125,944 shares. The company has a market cap of $1.67 billion, a PE ratio of 16.19 and a beta of 0.74. DSW Inc. has a 1-year low of $18.51 and a 1-year high of $29.53. The firm’s 50 day moving average is $23.74 and its 200 day moving average is $23.65.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company earned $659 million during the quarter, compared to analyst estimates of $658.95 million. DSW had a return on equity of 12.51% and a net margin of 3.96%. DSW’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Equities research analysts anticipate that DSW Inc. will post $1.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Wednesday, September 14th. DSW’s dividend payout ratio is presently 64.52%.
A number of research analysts have weighed in on DSW shares. Wells Fargo & Co. upgraded DSW from an “underperform” rating to a “market perform” rating in a research note on Monday, July 11th. Susquehanna started coverage on DSW in a research note on Thursday, September 15th. They issued a “negative” rating and a $19.00 price target for the company. Deutsche Bank AG raised their price target on DSW from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, July 15th. Buckingham Research restated a “buy” rating and issued a $27.00 price target on shares of DSW in a research note on Friday, July 15th. Finally, Telsey Advisory Group raised their price target on DSW from $23.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. DSW presently has an average rating of “Hold” and an average target price of $23.99.
In other DSW news, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the completion of the transaction, the director now directly owns 20,142 shares of the company’s stock, valued at $473,337. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Jordan sold 42,423 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total value of $1,060,575.00. Following the transaction, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is owned by insiders.
DSW Company Profile
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
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