American International Group Inc. lifted its position in DSW Inc. (NYSE:DSW) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,875 shares of the company’s stock after purchasing an additional 3,443 shares during the quarter. American International Group Inc. owned 0.07% of DSW worth $1,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DSW. Piedmont Investment Advisors LLC acquired a new position in DSW during the second quarter worth $258,000. Marshall Wace North America L.P. raised its stake in DSW by 822.3% during the second quarter. Marshall Wace North America L.P. now owns 240,812 shares of the company’s stock worth $4,335,000 after acquiring an additional 214,702 shares in the last quarter. MIG Capital LLC raised its stake in DSW by 12.6% during the second quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock worth $34,692,000 after acquiring an additional 218,792 shares in the last quarter. FMR LLC raised its stake in DSW by 9.3% during the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after acquiring an additional 533,713 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in DSW by 5.1% during the second quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after acquiring an additional 297,463 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

DSW Inc. (NYSE:DSW) opened at $20.80 on Monday. The stock has a market capitalization of $1,663.94, a PE ratio of 15.41, a P/E/G ratio of 2.34 and a beta of 0.85. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $25.13.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.08). The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $710.24 million. DSW had a net margin of 3.13% and a return on equity of 11.43%. DSW’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. equities analysts expect that DSW Inc. will post 1.42 earnings per share for the current fiscal year.

DSW declared that its Board of Directors has initiated a share buyback program on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 33.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, December 14th. DSW’s dividend payout ratio is 75.47%.

In other DSW news, EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the transaction, the executive vice president now owns 51,588 shares in the company, valued at $1,099,856.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Deborah L. Ferree sold 10,073 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $21.53, for a total value of $216,871.69. Following the transaction, the chairman now owns 113,920 shares in the company, valued at approximately $2,452,697.60. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.

Several research analysts have issued reports on DSW shares. Standpoint Research upgraded DSW from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 3rd. Susquehanna Bancshares upgraded DSW from a “neutral” rating to a “positive” rating and set a $23.00 price objective for the company in a research note on Thursday, November 16th. Canaccord Genuity set a $17.00 target price on DSW and gave the company a “hold” rating in a research note on Sunday, August 20th. Finally, Jefferies Group set a $20.00 target price on DSW and gave the company a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.58.

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DSW 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.

Institutional Ownership by Quarter for DSW (NYSE:DSW)

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