New York State Teachers Retirement System Invests $688,000 in DSW Inc. (NYSE:DSW)

New York State Teachers Retirement System acquired a new position in DSW Inc. (NYSE:DSW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 33,252 shares of the company’s stock, valued at approximately $688,000.

A number of other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in DSW during the first quarter worth approximately $120,000. State of Tennessee Treasury Department acquired a new position in DSW during the first quarter worth approximately $143,000. State of Alaska Department of Revenue acquired a new position in DSW during the first quarter worth approximately $154,000. PNC Financial Services Group Inc. raised its position in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after buying an additional 283 shares in the last quarter. Finally, WBI Investments Inc. acquired a new position in DSW during the first quarter worth approximately $243,000. 89.49% of the stock is currently owned by institutional investors.

Shares of DSW Inc. (DSW) opened at 16.48 on Tuesday. The stock’s 50 day moving average price is $17.22 and its 200-day moving average price is $19.45. DSW Inc. has a 52-week low of $15.98 and a 52-week high of $26.22. The company has a market cap of $1.32 billion, a P/E ratio of 11.44 and a beta of 0.83.

DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The firm had revenue of $691.10 million for the quarter, compared to analyst estimates of $684.34 million. During the same period last year, the business earned $0.40 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that DSW Inc. will post $1.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Tuesday, June 13th. DSW’s dividend payout ratio (DPR) is 55.94%.

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A number of research firms have commented on DSW. B. Riley reissued a “neutral” rating and issued a $18.50 price objective on shares of DSW in a research note on Wednesday, May 24th. Canaccord Genuity reduced their price objective on DSW from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, May 24th. BidaskClub raised DSW from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Telsey Advisory Group reduced their price objective on DSW from $22.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 24th. Finally, Cleveland Research raised DSW from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.64.

In other DSW news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the transaction, the director now directly owns 12,242 shares of the company’s stock, valued at approximately $220,356. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanne Zaiac sold 4,219 shares of DSW stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the transaction, the director now directly owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.

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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