DSW Inc. (DSW) Holdings Cut by Texas Permanent School Fund
Texas Permanent School Fund reduced its position in shares of DSW Inc. (NYSE:DSW) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,849 shares of the company’s stock after selling 4,165 shares during the quarter. Texas Permanent School Fund’s holdings in DSW were worth $1,046,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Sit Investment Associates Inc. acquired a new stake in DSW during the 4th quarter valued at $100,000. Robeco Institutional Asset Management B.V. acquired a new stake in DSW during the 3rd quarter valued at $152,000. Wealthcare Advisory Partners LLC acquired a new stake in DSW during the 3rd quarter valued at $197,000. Campbell & CO Investment Adviser LLC acquired a new stake in DSW during the 3rd quarter valued at $217,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in DSW during the 3rd quarter valued at $223,000. 90.73% of the stock is currently owned by institutional investors.
DSW has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of DSW from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group raised shares of DSW from a “neutral” rating to a “positive” rating in a research note on Thursday, November 16th. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating in a research note on Sunday, November 26th. B. Riley reaffirmed a “hold” rating and issued a $20.00 price target on shares of DSW in a research note on Wednesday, November 22nd. Finally, Wedbush downgraded shares of DSW from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $20.00 in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.25.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.08). DSW had a return on equity of 11.43% and a net margin of 3.13%. The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $710.24 million. During the same period last year, the company posted $0.51 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. equities research analysts predict that DSW Inc. will post 1.41 EPS for the current fiscal year.
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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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