FNY Managed Accounts LLC Acquires New Stake in DSW Inc. (DSW)

FNY Managed Accounts LLC bought a new position in shares of DSW Inc. (NYSE:DSW) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,840 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of DSW during the first quarter worth approximately $120,000. State of Tennessee Treasury Department purchased a new position in shares of DSW during the first quarter worth approximately $143,000. State of Alaska Department of Revenue purchased a new position in shares of DSW during the first quarter worth approximately $154,000. PNC Financial Services Group Inc. increased its position in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after buying an additional 283 shares during the period. Finally, Gideon Capital Advisors Inc. purchased a new position in shares of DSW during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 92.20% of the company’s stock.

Institutional Ownership by Quarter for DSW (NYSE:DSW)

Shares of DSW Inc. (DSW) traded up 0.36% during mid-day trading on Thursday, reaching $16.59. The company had a trading volume of 1,747,107 shares. DSW Inc. has a 12 month low of $15.98 and a 12 month high of $26.22. The firm’s 50-day moving average is $18.11 and its 200 day moving average is $20.46. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.51 and a beta of 0.77.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business had revenue of $691.10 million for the quarter, compared to the consensus estimate of $684.34 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that DSW Inc. will post $1.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Tuesday, June 13th. DSW’s payout ratio is currently 55.94%.

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A number of brokerages have commented on DSW. B. Riley restated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research note on Wednesday, May 24th. Canaccord Genuity set a $19.00 target price on DSW and gave the company a “buy” rating in a research note on Saturday, February 25th. ValuEngine downgraded DSW from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Cleveland Research downgraded DSW from a “neutral” rating to an “underperform” rating in a research note on Monday, February 27th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.73.

About DSW

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DSW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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