Robeco Institutional Asset Management B.V. acquired a new position in shares of DSW Inc. (NYSE:DSW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,106 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in DSW by 3.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after acquiring an additional 283 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in DSW by 1.6% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock worth $343,000 after acquiring an additional 300 shares during the period. Aperio Group LLC grew its holdings in DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock worth $436,000 after acquiring an additional 815 shares during the period. Shufro Rose & Co. LLC grew its holdings in DSW by 1.1% during the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock worth $1,469,000 after acquiring an additional 915 shares during the period. Finally, Citigroup Inc. grew its holdings in DSW by 1.0% during the second quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock worth $1,985,000 after acquiring an additional 1,099 shares during the period. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on DSW. Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a report on Friday. Jefferies Group LLC set a $20.00 target price on DSW and gave the company a “hold” rating in a report on Wednesday, August 23rd. B. Riley lowered DSW from a “buy” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $20.00 in a report on Thursday. Citigroup Inc upped their target price on DSW from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Wedbush lowered DSW from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $20.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.61.

In related news, Chairman Deborah L. Ferree sold 75,452 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the completion of the transaction, the chairman now directly owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joanna T. Lau sold 10,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $19.26, for a total transaction of $192,600.00. Following the completion of the transaction, the director now directly owns 21,272 shares of the company’s stock, valued at $409,698.72. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock valued at $2,559,458 over the last ninety days. 20.40% of the stock is currently owned by insiders.

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Shares of DSW Inc. (NYSE DSW) opened at $18.89 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 4.41% and a return on equity of 12.12%. DSW’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. equities research analysts expect that DSW Inc. will post 1.48 EPS for the current year.

DSW declared that its board has initiated a share repurchase program on Tuesday, August 22nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 33.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.

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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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