Voya Investment Management LLC cut its stake in DSW Inc. (NYSE:DSW) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,771 shares of the company’s stock after selling 2,507 shares during the period. Voya Investment Management LLC’s holdings in DSW were worth $665,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its holdings in DSW by 392.7% in the second quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after buying an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in DSW by 1,340.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock valued at $112,000 after buying an additional 3,995 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in DSW in the second quarter valued at about $119,000. SG Americas Securities LLC purchased a new position in DSW in the first quarter valued at about $125,000. Finally, Itau Unibanco Holding S.A. purchased a new position in DSW in the second quarter valued at about $125,000. 89.14% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. ValuEngine raised shares of DSW from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. B. Riley increased their target price on shares of DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. Deutsche Bank increased their target price on shares of DSW from $24.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. Canaccord Genuity set a $27.00 target price on shares of DSW and gave the company a “hold” rating in a report on Wednesday, August 29th. Finally, Needham & Company LLC raised their price objective on shares of DSW from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.38.
Shares of DSW opened at $27.95 on Friday. DSW Inc. has a 1-year low of $17.75 and a 1-year high of $34.63. The company has a market cap of $2.72 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.16 and a beta of 0.88.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The business had revenue of $793.70 million during the quarter, compared to analysts’ expectations of $689.41 million. During the same period last year, the company posted $0.38 EPS. The company’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that DSW Inc. will post 1.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.58%. DSW’s dividend payout ratio (DPR) 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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