William L. Jordan Sells 2,666 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 2,666 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the sale, the executive vice president now owns 44,254 shares of the company’s stock, valued at $886,407.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of DSW Inc. (DSW) traded down 0.43% on Friday, reaching $18.45. The company had a trading volume of 351,556 shares. The company has a 50-day moving average price of $17.73 and a 200-day moving average price of $18.83. The firm has a market capitalization of $1.48 billion, a PE ratio of 12.37 and a beta of 0.83. DSW Inc. has a 52-week low of $15.14 and a 52-week high of $26.13.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. The business had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Equities research analysts forecast that DSW Inc. will post $1.50 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. DSW’s payout ratio is presently 54.05%.
DSW declared that its board has approved a share repurchase program on Tuesday, August 22nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 33.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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Several equities research analysts have commented on DSW shares. BidaskClub lowered DSW from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Wednesday, July 26th. Deutsche Bank AG upgraded DSW from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, July 25th. Finally, Buckingham Research lowered DSW from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.75.
Institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in DSW during the first quarter worth approximately $100,000. Ameritas Investment Partners Inc. acquired a new position in DSW during the first quarter worth approximately $120,000. State of Tennessee Treasury Department acquired a new position in DSW during the first quarter worth approximately $143,000. State of Alaska Department of Revenue acquired a new position in DSW during the first quarter worth approximately $154,000. Finally, PNC Financial Services Group Inc. raised its position in DSW by 3.9% in the first 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 during the last quarter. Institutional investors and hedge funds own 85.64% 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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