Rhumbline Advisers Buys 24,800 Shares of DSW, Inc. (DSW)

Rhumbline Advisers grew its stake in DSW, Inc. (NYSE:DSW) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,258 shares of the company’s stock after acquiring an additional 24,800 shares during the period. Rhumbline Advisers owned 0.21% of DSW worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DSW. Sit Investment Associates Inc. acquired a new stake in shares of DSW during the 4th quarter worth approximately $100,000. Cerebellum GP LLC bought a new stake in shares of DSW in the fourth quarter worth $129,000. Wealthcare Advisory Partners LLC bought a new stake in shares of DSW in the third quarter worth $197,000. M&T Bank Corp bought a new stake in DSW during the fourth quarter worth $201,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in DSW during the third quarter worth $217,000. 97.01% of the stock is owned by institutional investors.

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NYSE DSW opened at $21.90 on Friday. The firm has a market cap of $1,799.93, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. DSW, Inc. has a one year low of $15.14 and a one year high of $22.78.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.11. The business had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. research analysts predict that DSW, Inc. will post 1.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a dividend of $0.25 per share. This is a positive change from DSW’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. DSW’s payout ratio is presently 65.79%.

In other news, EVP William L. Jordan sold 34,412 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the transaction, the executive vice president now owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is currently owned by insiders.

Several research firms have commented on DSW. ValuEngine downgraded shares of DSW from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. B. Riley set a $22.00 price target on shares of DSW and gave the company a “neutral” rating in a research note on Wednesday, March 14th. Deutsche Bank increased their price objective on shares of DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 19th. Canaccord Genuity reiterated a “hold” rating and set a $22.00 price objective (up from $20.00) on shares of DSW in a research note on Wednesday, March 14th. Finally, Zacks Investment Research cut shares of DSW from a “buy” rating to a “hold” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.40.

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DSW Company Profile

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.

Institutional Ownership by Quarter for DSW (NYSE:DSW)

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