William L. Jordan Sells 10,000 Shares of DSW Inc. (NYSE:DSW) Stock
DSW Inc. (NYSE:DSW) EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $21.32, for a total transaction of $213,200.00. Following the completion of the sale, the executive vice president now directly owns 51,588 shares of the company’s stock, valued at approximately $1,099,856.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
DSW Inc. (NYSE:DSW) traded down 1.87% on Friday, hitting $18.86. 1,887,335 shares of the stock traded hands. The stock has a 50 day moving average of $20.02 and a 200 day moving average of $18.73. DSW Inc. has a 52 week low of $15.14 and a 52 week high of $25.96. The firm has a market capitalization of $1.52 billion, a PE ratio of 12.64 and a beta of 0.83.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities research analysts anticipate that DSW Inc. will post $1.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.24%. DSW’s dividend payout ratio is presently 54.05%.
DSW announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after purchasing an additional 8,327,020 shares during the period. Dimensional Fund Advisors LP increased its stake in DSW by 41.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after purchasing an additional 1,748,831 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in DSW by 434.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock worth $35,030,000 after purchasing an additional 1,376,800 shares during the period. Vanguard Group Inc. increased its stake in DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock worth $119,615,000 after purchasing an additional 788,073 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in DSW by 41,676.7% in the first quarter. JPMorgan Chase & Co. now owns 675,530 shares of the company’s stock worth $13,970,000 after purchasing an additional 673,913 shares during the period. Institutional investors own 85.55% of the company’s stock.
A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective on shares of DSW in a research note on Monday, August 28th. Wedbush raised shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 26th. Standpoint Research cut shares of DSW from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. raised their price objective on shares of DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Finally, BidaskClub lowered shares of DSW from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.96.
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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