Guggenheim Capital LLC Buys 60,765 Shares of DSW, Inc. (DSW)

Guggenheim Capital LLC boosted its stake in shares of DSW, Inc. (NYSE:DSW) by 109.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,435 shares of the company’s stock after purchasing an additional 60,765 shares during the quarter. Guggenheim Capital LLC owned approximately 0.15% of DSW worth $2,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Skylands Capital LLC increased its holdings in shares of DSW by 77.1% in the 4th quarter. Skylands Capital LLC now owns 354,200 shares of the company’s stock valued at $7,583,000 after acquiring an additional 154,200 shares during the last quarter. Royce & Associates LP increased its holdings in shares of DSW by 10.4% in the 4th quarter. Royce & Associates LP now owns 2,314,513 shares of the company’s stock valued at $49,554,000 after acquiring an additional 217,410 shares during the last quarter. Mesirow Financial Investment Management Equity Management increased its holdings in shares of DSW by 397.4% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock valued at $16,030,000 after acquiring an additional 598,171 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of DSW by 20.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 740,600 shares of the company’s stock valued at $15,909,000 after acquiring an additional 125,359 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of DSW by 24.8% in the 3rd quarter. Wells Fargo & Company MN now owns 262,438 shares of the company’s stock valued at $5,637,000 after acquiring an additional 52,183 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

DSW has been the topic of a number of recent analyst reports. Canaccord Genuity set a $22.00 price objective on DSW and gave the company a “hold” rating in a report on Sunday, January 7th. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, February 2nd. B. Riley reiterated a “hold” rating on shares of DSW in a report on Wednesday, March 7th. ValuEngine upgraded DSW from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 14th. Finally, Deutsche Bank increased their price objective on DSW from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, March 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.40.



Shares of NYSE DSW opened at $22.05 on Friday. The stock has a market capitalization of $1,796.73, a P/E ratio of 14.51, a PEG ratio of 1.91 and a beta of 0.63. DSW, Inc. has a 52-week low of $15.14 and a 52-week high of $22.78.

DSW (NYSE:DSW) last announced its earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. research analysts anticipate that DSW, Inc. will post 1.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This is a boost from DSW’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.54%. DSW’s dividend payout ratio is 65.79%.

In related news, EVP William L. Jordan sold 34,412 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $22.47, for a total value of $773,237.64. Following the completion of the sale, the executive vice president now directly owns 88,705 shares of the company’s stock, valued at approximately $1,993,201.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.40% of the stock is owned by corporate insiders.

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About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.

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Institutional Ownership by Quarter for DSW (NYSE:DSW)

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