Insider Selling: DSW Inc. (DSW) Chairman Sells $1,509,040.00 in Stock
DSW Inc. (NYSE:DSW) Chairman Deborah L. Ferree sold 75,452 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $20.00, for a total value of $1,509,040.00. Following the completion of the sale, the chairman now owns 199,445 shares in the company, valued at approximately $3,988,900. The transaction was disclosed in a filing with the SEC, which is available at this link.
DSW Inc. (DSW) opened at 18.80 on Thursday. The company has a 50-day moving average price of $17.52 and a 200 day moving average price of $18.90. The firm has a market capitalization of $1.51 billion, a P/E ratio of 12.60 and a beta of 0.83. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $26.13.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. The business had revenue of $680.40 million during the quarter, compared to analyst estimates of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Analysts expect that DSW Inc. will post $1.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, September 18th. DSW’s dividend payout ratio is presently 54.05%.
DSW announced that its board has authorized a stock repurchase program on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 33.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have recently weighed in on DSW shares. Zacks Investment Research raised DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Buckingham Research downgraded DSW from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Monday, May 8th. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of DSW in a research note on Monday. Citigroup Inc. upped their target price on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Jefferies Group LLC set a $20.00 target price on DSW and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.83.
Large investors have recently added to or reduced their stakes in the company. Afam Capital Inc. raised its stake in DSW by 2.9% in the second quarter. Afam Capital Inc. now owns 108,249 shares of the company’s stock valued at $1,916,000 after buying an additional 3,092 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of DSW during the second quarter valued at approximately $299,000. Public Employees Retirement System of Ohio boosted its stake in shares of DSW by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 39,938 shares of the company’s stock valued at $707,000 after buying an additional 1,502 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of DSW during the second quarter valued at approximately $258,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of DSW during the second quarter valued at approximately $904,000. 85.64% of the stock is owned by institutional investors and hedge funds.
DSW Company 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.
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