Public Employees Retirement System of Ohio Purchases 1,502 Shares of DSW Inc. (DSW)
Public Employees Retirement System of Ohio grew its position in shares of DSW Inc. (NYSE:DSW) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,938 shares of the company’s stock after purchasing an additional 1,502 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in DSW were worth $707,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of DSW by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after purchasing an additional 283 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of DSW during the 2nd quarter valued at approximately $196,000. Capstone Asset Management Co. purchased a new position in shares of DSW during the 2nd quarter valued at approximately $210,000. State of Alaska Department of Revenue increased its holdings in shares of DSW by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,320 shares of the company’s stock valued at $235,000 after purchasing an additional 5,870 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of DSW during the 2nd quarter valued at approximately $258,000. 85.90% of the stock is owned by hedge funds and other institutional investors.
Shares of DSW Inc. (NYSE:DSW) opened at $19.71 on Friday. The stock has a market cap of $1,583.66, a price-to-earnings ratio of 13.98, a PEG ratio of 2.13 and a beta of 0.79. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $25.96.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. analysts predict that DSW Inc. will post 1.48 earnings per share for the current fiscal year.
DSW declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 22nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 33.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, EVP William L. Jordan sold 2,666 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $20.03, for a total transaction of $53,399.98. Following the transaction, the executive vice president now owns 44,254 shares of the company’s stock, valued at approximately $886,407.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Deborah L. Ferree sold 75,452 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the transaction, the chairman now directly owns 199,445 shares in the company, valued at approximately $3,988,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,891 shares of company stock worth $2,559,458. Corporate insiders own 20.40% of the company’s stock.
Several equities research analysts recently commented on the stock. Deutsche Bank AG raised shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, July 25th. Wedbush raised shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday, July 26th. Zacks Investment Research raised shares of DSW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Canaccord Genuity set a $17.00 price target on shares of DSW and gave the stock a “hold” rating in a report on Sunday, August 20th. Finally, Standpoint Research lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.12.
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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