Susquehanna assumed coverage on shares of DSW Inc. (NYSE:DSW) in a research report report published on Thursday. The firm issued a negative rating and a $19.00 price target on the stock.

Several other analysts have also issued reports on DSW. B. Riley restated a neutral rating and set a $23.00 price target on shares of DSW in a research report on Wednesday, August 31st. MKM Partners cut their price target on shares of DSW from $30.00 to $24.00 and set a neutral rating for the company in a research report on Monday, May 23rd. Canaccord Genuity cut their price target on shares of DSW from $20.00 to $19.00 and set a hold rating for the company in a research report on Wednesday, May 25th. Telsey Advisory Group cut their price target on shares of DSW from $29.00 to $23.00 and set a market perform rating for the company in a research report on Wednesday, May 25th. Finally, BB&T Corp. restated a hold rating on shares of DSW in a research report on Thursday, May 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $23.99.

Shares of DSW (NYSE:DSW) opened at 21.37 on Thursday. DSW has a 52 week low of $18.51 and a 52 week high of $30.70. The stock has a 50 day moving average price of $24.12 and a 200 day moving average price of $23.86. The firm has a market capitalization of $1.76 billion, a P/E ratio of 17.06 and a beta of 0.74.

DSW (NYSE:DSW) last posted its quarterly 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. DSW had a net margin of 3.96% and a return on equity of 12.51%. The business earned $659 million during the quarter, compared to analyst estimates of $658.95 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Analysts forecast that DSW will post $1.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, September 14th. DSW’s payout ratio is 64.52%.

In other news, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the sale, the director now owns 20,142 shares in the company, valued at $473,337. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP William L. Jordan sold 42,423 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now owns 72,333 shares in the company, valued at approximately $1,808,325. The disclosure for this sale can be found here. Insiders own 20.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Aristotle Capital Boston LLC boosted its stake in DSW by 3.1% in the second quarter. Aristotle Capital Boston LLC now owns 162,657 shares of the company’s stock worth $3,445,000 after buying an additional 4,896 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of DSW by 44.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 380,005 shares of the company’s stock valued at $8,049,000 after buying an additional 116,469 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of DSW by 71.2% in the second quarter. Legal & General Group Plc now owns 31,725 shares of the company’s stock valued at $671,000 after buying an additional 13,194 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of DSW by 1.1% in the second quarter. Fiera Capital Corp now owns 103,900 shares of the company’s stock valued at $2,201,000 after buying an additional 1,100 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of DSW by 1,994.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 48,968 shares of the company’s stock valued at $1,037,000 after buying an additional 46,630 shares in the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.

About DSW

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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