Joanna T. Lau Sells 10,000 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) Director Joanna T. Lau sold 10,000 shares of DSW stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.26, for a total value of $192,600.00. Following the completion of the transaction, the director now owns 21,272 shares of the company’s stock, valued at approximately $409,698.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of DSW Inc. (DSW) opened at 18.53 on Friday. The firm has a 50 day moving average price of $17.73 and a 200 day moving average price of $18.83. DSW Inc. has a one year low of $15.14 and a one year high of $26.13. The stock has a market capitalization of $1.49 billion, a PE ratio of 12.42 and a beta of 0.83.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. The firm 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%. DSW’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Analysts predict that DSW Inc. will post $1.50 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be issued a $0.20 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.32%. DSW’s dividend payout ratio (DPR) is presently 54.05%.
DSW declared that its board has initiated a share buyback plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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A number of equities analysts have recently commented on the company. Citigroup Inc. dropped their target price on DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 25th. Telsey Advisory Group dropped their target price on DSW from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday, May 24th. B. Riley reiterated a “neutral” rating and issued a $18.50 target price on shares of DSW in a report on Wednesday, May 24th. BidaskClub upgraded DSW from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. DSW has a consensus rating of “Hold” and an average target price of $21.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after buying an additional 8,327,020 shares during the period. FMR LLC raised its position in DSW by 9.3% in the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after buying an additional 533,713 shares during the period. Vanguard Group Inc. raised its position in DSW by 5.1% in the second quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after buying an additional 297,463 shares during the period. Dimensional Fund Advisors LP raised its position in DSW by 41.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after buying an additional 1,748,831 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock worth $49,809,000 after buying an additional 1,264,730 shares during the period. Hedge funds and other institutional investors own 85.64% of the company’s stock.
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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