Swiss National Bank reduced its stake in shares of DSW Inc. (NYSE:DSW) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,400 shares of the company’s stock after selling 13,500 shares during the period. Swiss National Bank owned 0.14% of DSW worth $2,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DSW. FMR LLC raised its position in DSW by 1.8% in the second quarter. FMR LLC now owns 5,734,045 shares of the company’s stock valued at $121,447,000 after buying an additional 101,200 shares during the last quarter. Vanguard Group Inc. raised its position in DSW by 1.1% in the second quarter. Vanguard Group Inc. now owns 4,655,716 shares of the company’s stock valued at $98,609,000 after buying an additional 51,630 shares during the last quarter. Dimensional Fund Advisors LP raised its position in DSW by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,047,286 shares of the company’s stock valued at $64,540,000 after buying an additional 664,487 shares during the last quarter. Royce & Associates LP raised its position in DSW by 17.8% in the second quarter. Royce & Associates LP now owns 2,496,076 shares of the company’s stock valued at $52,867,000 after buying an additional 376,500 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in DSW by 143.4% in the second quarter. BlackRock Fund Advisors now owns 1,647,457 shares of the company’s stock valued at $34,893,000 after buying an additional 970,513 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for DSW (NYSE:DSW)

Shares of DSW Inc. (NYSE:DSW) traded up 0.53% during midday trading on Friday, hitting $20.90. 900,314 shares of the stock were exchanged. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.41 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 stock’s 50-day moving average price is $23.44 and its 200-day moving average price is $22.87.

DSW (NYSE:DSW) last issued its earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. DSW had a return on equity of 12.46% and a net margin of 3.90%. The company had revenue of $697 million for the quarter, compared to analysts’ expectations of $710.42 million. During the same period last year, the business earned $0.44 EPS. DSW’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that DSW Inc. will post $1.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, December 14th. DSW’s dividend payout ratio (DPR) is presently 62.99%.

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Several research analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and set a $26.00 price objective on shares of DSW in a research note on Monday, November 28th. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a research note on Thursday. Standpoint Research lowered shares of DSW from a “buy” rating to a “hold” rating in a research note on Wednesday, December 7th. Canaccord Genuity set a $23.00 price target on shares of DSW and gave the company a “hold” rating in a research note on Thursday, September 15th. Finally, Vetr raised shares of DSW from a “sell” rating to a “hold” rating and set a $25.09 price target on the stock in a research note on Thursday, December 15th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.42.

In other DSW news, Chairman Deborah L. Ferree sold 114,854 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $24.88, for a total transaction of $2,857,567.52. Following the transaction, the chairman now directly owns 228,774 shares in the company, valued at approximately $5,691,897.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 20.30% of the company’s stock.

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.

5 Day Chart for NYSE:DSW

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