Spears Abacus Advisors LLC purchased a new position in DSW Inc. (NYSE:DSW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,878 shares of the company’s stock, valued at approximately $287,000.
A number of other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of DSW during the first quarter worth about $120,000. State of Tennessee Treasury Department purchased a new position in shares of DSW during the first quarter worth about $143,000. State of Alaska Department of Revenue purchased a new position in shares of DSW during the first quarter worth about $154,000. Gideon Capital Advisors Inc. purchased a new position in shares of DSW during the fourth quarter worth about $202,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of DSW during the first quarter worth about $256,000. Institutional investors own 86.81% of the company’s stock.
DSW Inc. (NYSE:DSW) traded down 1.13% during midday trading on Friday, hitting $17.48. 2,571,359 shares of the stock traded hands. The company has a 50-day moving average of $19.97 and a 200-day moving average of $21.42. The stock has a market cap of $1.40 billion, a PE ratio of 11.50 and a beta of 0.66. DSW Inc. has a 12 month low of $17.27 and a 12 month high of $26.22.
DSW (NYSE:DSW) last released its earnings results on Tuesday, March 14th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. DSW had a return on equity of 12.46% and a net margin of 3.90%. The firm had revenue of $674.60 million during the quarter, compared to the consensus estimate of $690.99 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that DSW Inc. will post $1.47 earnings per share for the current year.
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Several research firms have issued reports on DSW. Zacks Investment Research upgraded shares of DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Jefferies Group LLC restated a “hold” rating and set a $25.00 target price on shares of DSW in a research note on Tuesday, March 14th. Canaccord Genuity restated a “hold” rating and set a $19.00 target price on shares of DSW in a research note on Tuesday. MKM Partners restated a “neutral” rating and set a $23.00 target price on shares of DSW in a research note on Wednesday, February 22nd. Finally, B. Riley restated a “neutral” rating and set a $22.00 target price on shares of DSW in a research note on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. DSW has a consensus rating of “Hold” and an average target price of $22.83.
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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