Victory Capital Management Inc. Boosts Stake in DSW Inc. (DSW)

Victory Capital Management Inc. raised its stake in DSW Inc. (NYSE:DSW) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,334 shares of the company’s stock after acquiring an additional 1,670 shares during the quarter. Victory Capital Management Inc.’s holdings in DSW were worth $395,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of DSW by 42,735.5% in 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock worth $119,615,000 after acquiring an additional 788,073 shares during the last quarter. FMR LLC lifted its holdings in shares of DSW by 4.2% in the first quarter. FMR LLC now owns 5,758,260 shares of the company’s stock worth $119,081,000 after acquiring an additional 229,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DSW by 36.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,225,814 shares of the company’s stock worth $87,390,000 after acquiring an additional 1,135,336 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock worth $49,809,000 after acquiring an additional 1,264,730 shares during the last quarter. 85.55% of the stock is owned by hedge funds and other institutional investors.

In other DSW news, EVP William L. Jordan sold 2,666 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the sale, the executive vice president now owns 44,254 shares in the company, valued at $886,407.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Deborah L. Ferree sold 75,452 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the completion of the sale, the chairman now owns 199,445 shares of the company’s stock, valued at approximately $3,988,900. The disclosure for this sale can be found here. Insiders sold 120,476 shares of company stock valued at $2,356,471 in the last quarter. Corporate insiders own 20.40% of the company’s stock.

DSW has been the subject of a number of research reports. Zacks Investment Research cut shares of DSW from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $21.00 target price on shares of DSW in a report on Thursday, August 24th. Deutsche Bank AG upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, July 25th. B. Riley upgraded shares of DSW from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.50 to $22.00 in a report on Wednesday, August 23rd. Finally, Canaccord Genuity set a $17.00 price objective on shares of DSW and gave the company a “hold” rating in a report on Sunday, August 20th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.75.

DSW Inc. (DSW) opened at 20.19 on Wednesday. The firm’s 50-day moving average is $18.41 and its 200 day moving average is $18.62. DSW Inc. has a 12-month low of $15.14 and a 12-month high of $25.96. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 13.53 and a beta of 0.80.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that DSW Inc. will post $1.50 earnings per share for the current fiscal year.

DSW announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be given a $0.20 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.80 annualized dividend and a yield of 3.96%. DSW’s payout ratio is currently 54.05%.

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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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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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