DSW Target of Unusually High Options Trading (DSW)

DSW Inc. (NYSE:DSW) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 3,231 put options on the stock. This represents an increase of 3,301% compared to the typical daily volume of 95 put options.

A number of institutional investors and hedge funds have recently bought and sold shares of DSW. BlackRock Inc. grew its stake in DSW by 9.1% during the second quarter. BlackRock Inc. now owns 9,795,883 shares of the company’s stock valued at $252,930,000 after acquiring an additional 814,875 shares in the last quarter. Renaissance Technologies LLC grew its stake in DSW by 335.4% during the third quarter. Renaissance Technologies LLC now owns 885,230 shares of the company’s stock valued at $29,992,000 after acquiring an additional 681,900 shares in the last quarter. Marshall Wace LLP purchased a new position in DSW during the second quarter valued at $16,555,000. Eagle Asset Management Inc. purchased a new position in DSW during the second quarter valued at $15,087,000. Finally, Point72 Asset Management L.P. grew its stake in DSW by 244.4% during the second quarter. Point72 Asset Management L.P. now owns 690,995 shares of the company’s stock valued at $17,841,000 after acquiring an additional 490,382 shares in the last quarter. 89.40% of the stock is owned by institutional investors.

Several research firms have weighed in on DSW. Wells Fargo & Co increased their price target on shares of DSW from $22.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of DSW from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Telsey Advisory Group raised their price objective on shares of DSW from $24.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, August 29th. Wedbush raised their price objective on shares of DSW from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. Finally, B. Riley raised their price objective on shares of DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.08.

Shares of DSW stock opened at $26.13 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 17.19, a PEG ratio of 1.72 and a beta of 1.12. DSW has a one year low of $18.01 and a one year high of $34.63.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $793.70 million for the quarter, compared to the consensus estimate of $689.41 million. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. On average, analysts anticipate that DSW will post 1.73 earnings per share for the current fiscal year.

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DSW 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.

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