JPMorgan Chase & Co. increased its stake in shares of DSW Inc. (NYSE:DSW) by 26.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,864 shares of the company’s stock after acquiring an additional 47,253 shares during the period. JPMorgan Chase & Co. owned about 0.28% of DSW worth $5,118,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Clark Capital Management Group Inc. grew its holdings in DSW by 948.0% in the fourth quarter. Clark Capital Management Group Inc. now owns 645,239 shares of the company’s stock valued at $13,815,000 after purchasing an additional 583,672 shares during the period. Northern Trust Corp grew its holdings in DSW by 33.4% in the first quarter. Northern Trust Corp now owns 1,945,988 shares of the company’s stock valued at $43,707,000 after purchasing an additional 487,330 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in DSW by 6,679.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 481,783 shares of the company’s stock valued at $10,875,000 after purchasing an additional 474,677 shares during the period. Gotham Asset Management LLC grew its holdings in DSW by 2,626.2% in the fourth quarter. Gotham Asset Management LLC now owns 387,064 shares of the company’s stock valued at $8,287,000 after purchasing an additional 372,866 shares during the period. Finally, BlackRock Inc. grew its holdings in DSW by 4.1% in the fourth quarter. BlackRock Inc. now owns 8,951,335 shares of the company’s stock valued at $191,647,000 after purchasing an additional 354,481 shares during the period. 93.96% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Jared A. Poff sold 1,960 shares of DSW stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total transaction of $49,921.20. Following the transaction, the chief financial officer now owns 11,785 shares in the company, valued at $300,163.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 16.70% of the company’s stock.
Several analysts have commented on DSW shares. Zacks Investment Research lowered DSW from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Deutsche Bank raised their price objective on DSW from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, March 19th. Standpoint Research downgraded DSW from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. TheStreet upgraded DSW from a “c+” rating to a “b” rating in a research report on Tuesday, April 10th. Finally, B. Riley restated a “hold” rating on shares of DSW in a research report on Wednesday, March 7th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. DSW currently has an average rating of “Hold” and a consensus target price of $23.10.
NYSE DSW opened at $25.82 on Monday. The company has a market capitalization of $2.07 billion, a PE ratio of 16.99, a PEG ratio of 2.21 and a beta of 0.62. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $26.59.
DSW (NYSE:DSW) last released its earnings results on Wednesday, May 30th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. DSW had a return on equity of 13.42% and a net margin of 2.43%. The business had revenue of $712.10 million for the quarter, compared to the consensus estimate of $683.83 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts expect that DSW Inc. will post 1.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, June 21st will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. DSW’s payout ratio is 65.79%.
DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.
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