Pinebridge Investments L.P. increased its holdings in DSW Inc. (NYSE:DSW) by 73.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,512 shares of the company’s stock after acquiring an additional 41,156 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.12% of DSW worth $2,087,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in DSW. New York State Common Retirement Fund grew its position in DSW by 39.2% in the 2nd quarter. New York State Common Retirement Fund now owns 100,612 shares of the company’s stock valued at $1,781,000 after buying an additional 28,311 shares during the last quarter. Northern Trust Corp raised its position in shares of DSW by 1.0% during the 2nd quarter. Northern Trust Corp now owns 1,034,222 shares of the company’s stock valued at $18,306,000 after acquiring an additional 10,674 shares in the last quarter. Vanguard Group Inc. raised its position in shares of DSW by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock valued at $107,644,000 after acquiring an additional 297,463 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of DSW by 15.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 181,325 shares of the company’s stock valued at $3,209,000 after acquiring an additional 24,832 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of DSW by 16.3% during the 2nd quarter. Voya Investment Management LLC now owns 29,225 shares of the company’s stock valued at $517,000 after acquiring an additional 4,098 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. ValuEngine raised DSW from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and issued a $22.00 target price (up from $20.00) on shares of DSW in a research report on Wednesday. B. Riley set a $22.00 target price on DSW and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered DSW from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. DSW currently has an average rating of “Hold” and a consensus price target of $21.20.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, March 13th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $720.00 million for the quarter, compared to analyst estimates of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. sell-side analysts predict that DSW Inc. will post 1.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. This is a positive change from DSW’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 22nd. DSW’s dividend payout ratio (DPR) is 96.39%.
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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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