Deborah L. Ferree Sells 75,452 Shares of DSW Inc. (DSW) Stock
DSW Inc. (NYSE:DSW) Chairman Deborah L. Ferree sold 75,452 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the transaction, the chairman now directly owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of DSW Inc. (DSW) traded down 5.04% during mid-day trading on Monday, hitting $19.04. The company had a trading volume of 3,440,314 shares. The company has a 50-day moving average price of $17.52 and a 200-day moving average price of $18.90. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $26.13. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.76 and a beta of 0.83.
DSW (NYSE:DSW) last announced 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. DSW had a net margin of 4.41% and a return on equity of 12.12%. The business had revenue of $680.40 million during the quarter, compared to analysts’ expectations of $666.66 million. During the same period in the prior year, the company earned $0.35 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that DSW Inc. will post $1.50 EPS for the current year.
DSW declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 22nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 33.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.99%. DSW’s dividend payout ratio (DPR) is 54.05%.
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Several hedge funds and other institutional investors have recently modified their holdings of DSW. FNY Managed Accounts LLC purchased a new position in shares of DSW during the first quarter worth about $100,000. Ameritas Investment Partners Inc. purchased a new position in shares of DSW during the first quarter worth about $120,000. State of Tennessee Treasury Department purchased a new position in shares of DSW during the first quarter worth about $143,000. State of Alaska Department of Revenue purchased a new position in shares of DSW during the first quarter worth about $154,000. Finally, PNC Financial Services Group Inc. raised its position in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 85.64% of the company’s stock.
DSW has been the subject of a number of research analyst reports. Canaccord Genuity set a $17.00 target price on DSW and gave the stock a “hold” rating in a report on Sunday, August 20th. BidaskClub raised DSW from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Citigroup Inc. reduced their target price on DSW from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 25th. Wedbush raised DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Wednesday, July 26th. Finally, Jefferies Group LLC set a $20.00 target price on DSW and gave the stock a “hold” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.83.
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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