Stone Ridge Asset Management LLC increased its position in shares of DSW Inc. (NYSE:DSW) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,752 shares of the company’s stock after purchasing an additional 4,512 shares during the period. Stone Ridge Asset Management LLC’s holdings in DSW were worth $1,575,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Lido Advisors LLC bought a new stake in DSW in the fourth quarter worth $213,000. Mackay Shields LLC acquired a new position in DSW during the 4th quarter worth $494,000. QS Investors LLC lifted its position in DSW by 1.6% during the 4th quarter. QS Investors LLC now owns 123,976 shares of the company’s stock worth $3,063,000 after acquiring an additional 2,000 shares during the last quarter. Foresters Investment Management Company Inc. lifted its position in DSW by 15.5% during the 4th quarter. Foresters Investment Management Company Inc. now owns 581,800 shares of the company’s stock worth $14,370,000 after acquiring an additional 78,250 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in DSW by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 927,029 shares of the company’s stock worth $22,897,000 after acquiring an additional 36,327 shares during the last quarter. 82.64% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Roger Rawlins sold 21,463 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $30.26, for a total transaction of $649,470.38. Following the completion of the transaction, the chief executive officer now owns 66,918 shares of the company’s stock, valued at $2,024,938.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.70% of the stock is currently owned by corporate insiders.
Shares of DSW traded down $0.91 during trading hours on Wednesday, reaching $21.18. 63,342 shares of the company traded hands, compared to its average volume of 1,209,717. The firm has a market capitalization of $2.04 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.45 and a beta of 1.13. DSW Inc. has a 1-year low of $20.99 and a 1-year high of $34.63.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.11). The company had revenue of $843.40 million for the quarter, compared to analyst estimates of $842.73 million. DSW had a net margin of 1.21% and a return on equity of 18.11%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Equities research analysts predict that DSW Inc. will post 1.75 earnings per share for the current year.
DSW has been the subject of a number of research analyst reports. B. Riley cut their target price on shares of DSW from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, December 3rd. ValuEngine lowered shares of DSW from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price (down previously from $34.00) on shares of DSW in a research report on Wednesday, December 12th. Deutsche Bank set a $30.00 target price on shares of DSW and gave the stock a “hold” rating in a research report on Wednesday, December 12th. Finally, Canaccord Genuity boosted their target price on shares of DSW from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, December 12th. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.73.
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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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