Gotham Asset Management LLC lowered its stake in shares of DSW Inc. (NYSE:DSW) by 58.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,191 shares of the company’s stock after selling 97,552 shares during the period. Gotham Asset Management LLC owned 0.09% of DSW worth $1,225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of DSW by 42,735.5% during the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after acquiring an additional 8,327,020 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of DSW by 822.3% during the second quarter. Marshall Wace North America L.P. now owns 240,812 shares of the company’s stock worth $4,335,000 after acquiring an additional 214,702 shares in the last quarter. Swiss National Bank lifted its position in shares of DSW by 2.0% during the first quarter. Swiss National Bank now owns 116,700 shares of the company’s stock worth $2,413,000 after acquiring an additional 2,300 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of DSW during the first quarter worth $493,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of DSW by 26.0% during the first quarter. Thrivent Financial For Lutherans now owns 257,410 shares of the company’s stock worth $5,323,000 after acquiring an additional 53,190 shares in the last quarter. Hedge funds and other institutional investors own 85.55% of the company’s stock.

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Several equities research analysts have issued reports on DSW shares. Canaccord Genuity set a $17.00 target price on DSW and gave the stock a “hold” rating in a research report on Sunday, August 20th. Jefferies Group LLC set a $20.00 target price on DSW and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, July 26th. Deutsche Bank AG upgraded DSW from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded DSW from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. DSW currently has an average rating of “Hold” and a consensus target price of $21.96.

Shares of DSW Inc. (NYSE DSW) opened at 18.77 on Tuesday. DSW Inc. has a 52-week low of $15.14 and a 52-week high of $25.96. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.58 and a beta of 0.82. The firm’s 50-day moving average is $20.02 and its 200 day moving average is $18.70.

DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping 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 firm had revenue of $680.40 million for the quarter, compared to the consensus estimate of $666.66 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts expect that DSW Inc. will post $1.50 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.26%. DSW’s dividend payout ratio (DPR) is presently 54.05%.

DSW declared that its Board of Directors has approved a stock repurchase plan 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 plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, Chairman Deborah L. Ferree sold 75,452 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $20.00, for a total transaction of $1,509,040.00. Following the transaction, the chairman now directly owns 199,445 shares in the company, valued at approximately $3,988,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Jordan sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $21.32, for a total transaction of $213,200.00. Following the transaction, the executive vice president now owns 51,588 shares in the company, valued at $1,099,856.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,891 shares of company stock worth $2,559,458. Insiders own 20.40% of the company’s stock.

DSW 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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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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