ClariVest Asset Management LLC lessened its stake in DSW, Inc. (NYSE:DSW) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,000 shares of the company’s stock after selling 3,500 shares during the period. ClariVest Asset Management LLC owned about 0.32% of DSW worth $5,705,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DSW. BlackRock Inc. raised its position in DSW by 4.1% in the fourth quarter. BlackRock Inc. now owns 8,951,335 shares of the company’s stock worth $191,647,000 after purchasing an additional 354,481 shares in the last quarter. Royce & Associates LP raised its position in DSW by 10.4% in the fourth quarter. Royce & Associates LP now owns 2,314,513 shares of the company’s stock worth $49,554,000 after purchasing an additional 217,410 shares in the last quarter. OppenheimerFunds Inc. raised its position in DSW by 36.5% in the fourth quarter. OppenheimerFunds Inc. now owns 1,576,873 shares of the company’s stock worth $33,760,000 after purchasing an additional 421,408 shares in the last quarter. Bank of New York Mellon Corp raised its position in DSW by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,341,297 shares of the company’s stock worth $28,718,000 after purchasing an additional 12,324 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in DSW in the fourth quarter worth about $23,213,000. Institutional investors and hedge funds own 98.66% of the company’s stock.
Several research analysts recently issued reports on DSW shares. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, February 2nd. B. Riley reissued a “hold” rating on shares of DSW in a research report on Wednesday, March 7th. Canaccord Genuity set a $20.00 price target on shares of DSW and gave the stock a “hold” rating in a research report on Tuesday, March 6th. ValuEngine raised shares of DSW from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 14th. Finally, Deutsche Bank increased their price target on shares of DSW from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $728.46 million. DSW had a net margin of 2.40% and a return on equity of 12.86%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. equities research analysts forecast that DSW, Inc. will post 1.63 EPS for the current year.
In other news, EVP William L. Jordan sold 34,412 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the sale, the executive vice president now owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 16.70% of the company’s stock.
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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