Global X Management Co. LLC increased its stake in DSW Inc. (NYSE:DSW) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,527 shares of the company’s stock after buying an additional 20,059 shares during the period. Global X Management Co. LLC’s holdings in DSW were worth $6,611,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Spears Abacus Advisors LLC bought a new position in DSW during the first quarter valued at about $287,000. OLD National Bancorp IN bought a new position in DSW during the first quarter valued at about $364,000. Great West Life Assurance Co. Can raised its position in DSW by 1,007.7% in the first quarter. Great West Life Assurance Co. Can now owns 93,435 shares of the company’s stock valued at $1,930,000 after buying an additional 85,000 shares in the last quarter. Canada Pension Plan Investment Board raised its position in DSW by 73.5% in the first quarter. Canada Pension Plan Investment Board now owns 126,500 shares of the company’s stock valued at $2,616,000 after buying an additional 53,600 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in DSW by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 227,427 shares of the company’s stock valued at $4,703,000 after buying an additional 44,943 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.
Shares of DSW Inc. (DSW) opened at 17.27 on Friday. DSW Inc. has a 52-week low of $15.98 and a 52-week high of $26.22. The company has a 50 day moving average price of $17.60 and a 200-day moving average price of $19.14. The firm has a market cap of $1.39 billion, a P/E ratio of 11.98 and a beta of 0.83.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a return on equity of 12.06% and a net margin of 4.32%. The business had revenue of $691.10 million during the quarter, compared to analyst estimates of $684.34 million. During the same quarter in the prior year, the company earned $0.40 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect that DSW Inc. will post $1.44 earnings per share for the current fiscal year.
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Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Buckingham Research lowered DSW from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Monday, May 8th. Canaccord Genuity restated a “hold” rating and issued a $19.00 price target on shares of DSW in a research report on Tuesday, May 16th. Wedbush upgraded DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 26th. Finally, CL King upgraded DSW from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.53.
In other DSW news, Director Harvey L. Sonnenberg sold 8,439 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the sale, the director now owns 12,242 shares in the company, valued at approximately $220,356. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joanne Zaiac sold 4,219 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the sale, the director now owns 4,313 shares of the company’s stock, valued at approximately $76,857.66. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.
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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