Jane Street Group LLC increased its position in shares of Designer Brands Inc (NYSE:DSW) by 5,000.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,139 shares of the company’s stock after acquiring an additional 11,901 shares during the period. Jane Street Group LLC’s holdings in Designer Brands were worth $300,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DSW. BlackRock Inc. increased its holdings in Designer Brands by 2.6% during the 4th quarter. BlackRock Inc. now owns 10,023,740 shares of the company’s stock worth $247,584,000 after purchasing an additional 253,234 shares during the period. Vanguard Group Inc. increased its holdings in Designer Brands by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,039,629 shares of the company’s stock worth $238,504,000 after purchasing an additional 62,377 shares during the period. Vanguard Group Inc increased its holdings in Designer Brands by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 7,039,629 shares of the company’s stock worth $238,504,000 after purchasing an additional 62,377 shares during the period. Bank of New York Mellon Corp increased its holdings in Designer Brands by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,413,094 shares of the company’s stock worth $47,876,000 after purchasing an additional 10,441 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Designer Brands by 7.3% during the 4th quarter. Squarepoint Ops LLC now owns 1,085,759 shares of the company’s stock worth $26,818,000 after purchasing an additional 73,532 shares during the period. 84.64% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on DSW. Zacks Investment Research downgraded Designer Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine upgraded Designer Brands from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. TheStreet downgraded Designer Brands from a “b” rating to a “c” rating in a report on Wednesday, March 20th. Canaccord Genuity set a $28.00 price target on Designer Brands and gave the stock a “hold” rating in a report on Monday, March 18th. Finally, Telsey Advisory Group cut their price target on Designer Brands from $30.00 to $26.00 and set a “market perform” rating on the stock in a report on Wednesday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $28.73.
DSW opened at $23.07 on Tuesday. Designer Brands Inc has a one year low of $20.21 and a one year high of $34.63. The stock has a market capitalization of $1.85 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. The company has a current ratio of 2.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19.
Designer Brands (NYSE:DSW) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.11). Designer Brands had a negative net margin of 0.64% and a positive return on equity of 14.76%. The business had revenue of $843.40 million during the quarter, compared to analysts’ expectations of $842.73 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. On average, research analysts expect that Designer Brands Inc will post 1.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.33%. Designer Brands’s payout ratio is currently 60.24%.
In other news, CEO Roger Rawlins sold 21,463 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.26, for a total value of $649,470.38. Following the transaction, the chief executive officer now owns 66,918 shares in the company, valued at approximately $2,024,938.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 16.70% of the company’s stock.
Designer Brands Company Profile
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.
Further Reading: Asset Allocation, Balancing Your Investments
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