Fox Run Management L.L.C. purchased a new position in DSW Inc. (NYSE:DSW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,009 shares of the company’s stock, valued at approximately $373,000.
Other large investors have also bought and sold shares of the company. Brown Advisory Inc. grew its stake in shares of DSW by 1.0% in the second quarter. Brown Advisory Inc. now owns 1,591,579 shares of the company’s stock worth $41,094,000 after acquiring an additional 16,173 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of DSW by 1,194.0% during the second quarter. PNC Financial Services Group Inc. now owns 84,940 shares of the company’s stock worth $2,194,000 after purchasing an additional 78,376 shares in the last quarter. Strs Ohio acquired a new position in shares of DSW during the second quarter worth $371,000. Guggenheim Capital LLC grew its stake in shares of DSW by 3.2% during the first quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after purchasing an additional 3,767 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of DSW by 111.7% during the second quarter. Canada Pension Plan Investment Board now owns 771,500 shares of the company’s stock worth $19,920,000 after purchasing an additional 407,100 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.
DSW has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, July 31st. Needham & Company LLC initiated coverage on shares of DSW in a research note on Thursday, June 21st. They set a “buy” rating and a $29.00 target price for the company. ValuEngine upgraded shares of DSW from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. B. Riley set a $23.00 target price on shares of DSW and gave the stock a “hold” rating in a research note on Friday, August 24th. Finally, Deutsche Bank boosted their target price on shares of DSW from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.92.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The firm had revenue of $793.70 million during the quarter, compared to analysts’ expectations of $689.41 million. During the same period in the previous year, the company earned $0.38 earnings per share. DSW’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that DSW Inc. will post 1.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Monday, September 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. DSW’s dividend payout ratio (DPR) is presently 65.79%.
DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.
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