Louisiana State Employees Retirement System held its stake in shares of DSW Inc. (NYSE:DSW) during the second quarter, Holdings Channel reports. The firm owned 27,500 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in DSW were worth $487,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DSW. Spears Abacus Advisors LLC acquired a new stake in DSW during the first quarter valued at approximately $287,000. Wedge Capital Management L L P NC boosted its stake in DSW by 11.3% in the first quarter. Wedge Capital Management L L P NC now owns 15,472 shares of the company’s stock valued at $320,000 after buying an additional 1,568 shares in the last quarter. OLD National Bancorp IN acquired a new stake in DSW during the first quarter valued at approximately $364,000. Great West Life Assurance Co. Can boosted its stake in DSW by 1,007.7% in the first quarter. Great West Life Assurance Co. Can now owns 93,435 shares of the company’s stock valued at $1,930,000 after buying an additional 85,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in DSW by 73.5% in the first quarter. Canada Pension Plan Investment Board now owns 126,500 shares of the company’s stock valued at $2,616,000 after buying an additional 53,600 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Shares of DSW Inc. (DSW) traded up 1.77% during trading on Friday, reaching $17.27. The company’s stock had a trading volume of 1,368,402 shares. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.98 and a beta of 0.83. DSW Inc. has a 12 month low of $15.98 and a 12 month high of $26.22. The company’s 50-day moving average is $17.60 and its 200-day moving average is $19.14.

DSW (NYSE:DSW) last issued its earnings results on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $691.10 million for the quarter, compared to the consensus estimate of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. On average, analysts forecast that DSW Inc. will post $1.44 EPS for the current fiscal year.

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Several analysts recently commented on the company. Canaccord Genuity lowered their target price on DSW from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, May 24th. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Susquehanna Bancshares Inc upgraded DSW from a “negative” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $16.00 in a research report on Wednesday, May 24th. ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, B. Riley restated a “neutral” rating and issued a $18.50 target price on shares of DSW in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.53.

In other DSW news, Director Joanne Zaiac sold 4,219 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the sale, the director now owns 4,313 shares in the company, valued at approximately $76,857.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the sale, the director now owns 12,242 shares of the company’s stock, valued at approximately $220,356. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

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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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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