DSW Inc. (DSW) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in DSW Inc. (NYSE:DSW) by 256.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,027 shares of the company’s stock after buying an additional 79,846 shares during the period. Russell Investments Group Ltd. owned about 0.14% of DSW worth $2,385,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Aperio Group LLC increased its stake in DSW by 3.4% during the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after purchasing an additional 815 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in DSW during the second quarter valued at $448,000. Great West Life Assurance Co. Can increased its stake in DSW by 7.1% during the second quarter. Great West Life Assurance Co. Can now owns 100,056 shares of the company’s stock valued at $1,771,000 after purchasing an additional 6,621 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in DSW by 26.2% during the second quarter. Canada Pension Plan Investment Board now owns 159,700 shares of the company’s stock valued at $2,827,000 after purchasing an additional 33,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in DSW by 13.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 615,241 shares of the company’s stock valued at $10,890,000 after purchasing an additional 71,194 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

Several analysts have weighed in on DSW shares. Jefferies Group set a $20.00 target price on shares of DSW and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded shares of DSW from a “strong-buy” rating to a “hold” rating in a report on Friday, November 3rd. Buckingham Research boosted their price target on shares of DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating and set a $23.00 price target for the company in a report on Thursday, November 16th. Finally, Wedbush reissued an “ourperform” rating and set a $23.00 price target on shares of DSW in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.58.

In related news, Chairman Deborah L. Ferree sold 10,073 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $21.53, for a total value of $216,871.69. Following the completion of the sale, the chairman now owns 113,920 shares of the company’s stock, valued at $2,452,697.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Jordan sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the completion of the sale, the executive vice president now directly owns 51,588 shares of the company’s stock, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.

DSW Inc. (NYSE DSW) opened at $21.47 on Thursday. DSW Inc. has a 1-year low of $15.14 and a 1-year high of $24.75. The stock has a market cap of $1,706.34, a price-to-earnings ratio of 15.80, a PEG ratio of 2.40 and a beta of 0.85.

DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.08). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $710.24 million. DSW had a return on equity of 11.43% and a net margin of 3.13%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. research analysts anticipate that DSW Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, December 14th. DSW’s payout ratio is currently 75.47%.

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About DSW

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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