The Manufacturers Life Insurance Company trimmed its stake in shares of DSW Inc. (NYSE:DSW) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,136 shares of the company’s stock after selling 872 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of DSW worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position 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 worth $155,000 after buying an additional 283 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of DSW by 1.6% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock worth $343,000 after buying an additional 300 shares in the last quarter. Aperio Group LLC raised its position in shares of DSW by 3.4% during the 2nd quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock worth $436,000 after buying an additional 815 shares in the last quarter. Shufro Rose & Co. LLC raised its position in shares of DSW by 1.1% during the 2nd quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock worth $1,469,000 after buying an additional 915 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of DSW by 1.0% during the 2nd quarter. Citigroup Inc. now owns 112,144 shares of the company’s stock worth $1,985,000 after buying an additional 1,099 shares in the last quarter. Institutional investors own 86.78% of the company’s stock.

DSW Inc. (NYSE DSW) opened at $19.36 on Wednesday. The firm has a market cap of $1,576.43, a P/E ratio of 13.91, a PEG ratio of 2.12 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 released its earnings results 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 for the quarter, compared to the consensus estimate of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. sell-side analysts anticipate that DSW Inc. will post 1.48 EPS for the current fiscal year.

DSW declared that its Board of Directors has approved a share buyback plan on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 33.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research firms have commented on DSW. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target on shares of DSW in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Thursday, September 28th. Wedbush restated an “ourperform” rating and set a $23.00 price target on shares of DSW in a research report on Monday, September 25th. B. Riley restated a “buy” rating and set a $22.00 price target on shares of DSW in a research report on Monday, August 28th. Finally, Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. DSW currently has a consensus rating of “Hold” and an average target price of $21.12.

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In other news, Chairman Deborah L. Ferree sold 10,073 shares of DSW stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total value of $216,871.69. Following the transaction, the chairman now directly owns 113,920 shares of the company’s stock, valued at $2,452,697.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William L. Jordan sold 2,666 shares of DSW stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $20.03, for a total transaction of $53,399.98. Following the completion of the transaction, the executive vice president now directly owns 44,254 shares in the company, valued at $886,407.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,891 shares of company stock worth $2,559,458. 20.40% of the stock is currently owned by insiders.

About DSW

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.

Institutional Ownership by Quarter for DSW (NYSE:DSW)

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