United Services Automobile Association lessened its position in DSW Inc. (NYSE:DSW) by 22.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,568 shares of the company’s stock after selling 22,900 shares during the period. United Services Automobile Association owned approximately 0.10% of DSW worth $2,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. raised its position in shares of DSW by 1.0% during the second quarter. Brown Advisory Inc. now owns 1,591,579 shares of the company’s stock worth $41,094,000 after purchasing an additional 16,173 shares during the period. MetLife Investment Advisors LLC raised its position in shares of DSW by 12.5% during the second quarter. MetLife Investment Advisors LLC now owns 31,615 shares of the company’s stock worth $816,000 after purchasing an additional 3,503 shares during the period. PNC Financial Services Group Inc. raised its position in shares of DSW by 1,194.0% during the second quarter. PNC Financial Services Group Inc. now owns 84,940 shares of the company’s stock worth $2,194,000 after purchasing an additional 78,376 shares during the period. Strs Ohio acquired a new stake in shares of DSW during the second quarter worth $371,000. Finally, Guggenheim Capital LLC raised its position in shares of DSW by 3.2% during the first quarter. Guggenheim Capital LLC now owns 120,202 shares of the company’s stock worth $2,698,000 after purchasing an additional 3,767 shares during the period. 89.18% of the stock is currently owned by institutional investors.

Shares of DSW stock opened at $25.16 on Friday. DSW Inc. has a 1-year low of $17.75 and a 1-year high of $34.63. The firm has a market cap of $2.12 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88.

DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. DSW had a return on equity of 15.75% and a net margin of 0.06%. The business had revenue of $793.70 million for the quarter, compared to the consensus estimate of $689.41 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. DSW’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts expect that DSW Inc. will post 1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. DSW’s dividend payout ratio is 65.79%.

DSW has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on DSW from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. ValuEngine raised DSW from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, July 31st. Telsey Advisory Group boosted their target price on DSW from $24.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 29th. Finally, B. Riley set a $23.00 target price on DSW and gave the stock a “hold” rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. DSW has an average rating of “Hold” and an average target price of $28.38.

DSW Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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