DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 34,412 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total value of $773,237.64. Following the completion of the transaction, the executive vice president now directly owns 88,705 shares in the company, valued at approximately $1,993,201.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DSW stock traded down $0.63 during mid-day trading on Monday, reaching $21.83. 652,017 shares of the company were exchanged, compared to its average volume of 1,807,304. The firm has a market cap of $1,796.73, a P/E ratio of 14.78, a P/E/G ratio of 1.91 and a beta of 0.63. DSW Inc. has a 12-month low of $15.14 and a 12-month high of $22.78.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. DSW’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. research analysts anticipate that DSW Inc. will post 1.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, March 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. This is a positive change from DSW’s previous quarterly dividend of $0.20. DSW’s dividend payout ratio is currently 65.79%.
A number of institutional investors have recently bought and sold shares of DSW. Sit Investment Associates Inc. purchased a new stake in DSW during the fourth quarter worth $100,000. Meadow Creek Investment Management LLC purchased a new stake in shares of DSW during the 4th quarter valued at $114,000. Cerebellum GP LLC purchased a new stake in shares of DSW during the 4th quarter valued at $129,000. Advisor Group Inc. lifted its holdings in shares of DSW by 240.4% during the 4th quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock valued at $176,000 after purchasing an additional 5,794 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of DSW during the 3rd quarter valued at $197,000. Institutional investors own 97.01% of the company’s stock.
Several research analysts recently issued reports on DSW shares. Deutsche Bank increased their price objective on DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 19th. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and issued a $22.00 price objective (up previously from $20.00) on shares of DSW in a research note on Wednesday, March 14th. B. Riley reissued a “hold” rating on shares of DSW in a research note on Wednesday, March 7th. Finally, ValuEngine cut DSW from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.40.
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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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