Ellington Management Group LLC lowered its position in DSW, Inc. (NYSE:DSW) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,400 shares of the company’s stock after selling 34,700 shares during the period. Ellington Management Group LLC’s holdings in DSW were worth $480,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. purchased a new position in shares of DSW in the 4th quarter worth approximately $100,000. Cerebellum GP LLC purchased a new position in shares of DSW in the 4th quarter worth approximately $129,000. Advisor Group Inc. grew its position in shares of DSW by 240.4% in the 4th quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock worth $176,000 after buying an additional 5,794 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of DSW in the 3rd quarter worth approximately $197,000. Finally, M&T Bank Corp purchased a new position in shares of DSW in the 4th quarter worth approximately $201,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE DSW opened at $21.90 on Friday. DSW, Inc. has a 12 month low of $15.14 and a 12 month high of $22.78. The company has a market cap of $1,799.93, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. DSW had a net margin of 2.40% and a return on equity of 12.86%. The firm had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $728.46 million. During the same period in the previous year, the business posted $0.20 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. equities research analysts predict that DSW, Inc. will post 1.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 23rd were paid a $0.25 dividend. This is a boost from DSW’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Thursday, March 22nd. DSW’s payout ratio is currently 65.79%.
In related news, EVP William L. Jordan sold 34,412 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 20.40% of the company’s stock.
DSW has been the topic of several research analyst reports. ValuEngine downgraded shares of DSW from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Zacks Investment Research downgraded shares of DSW from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. B. Riley set a $22.00 target price on shares of DSW and gave the stock a “neutral” rating in a research report on Wednesday, March 14th. Deutsche Bank boosted their target price on shares of DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, Canaccord Genuity reissued a “hold” rating and set a $22.00 target price (up previously from $20.00) on shares of DSW in a research report on Wednesday, March 14th. One 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 currently has a consensus rating of “Hold” and an average target price of $21.40.
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DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.
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