Breaking Short Interest: Could Dsw Incorporated (NYSE:DSW) Go Up After Its Newest Short Interest Report?

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Breaking Short Interest: Could Dsw Incorporated (NYSE:DSW) Go Up After Its Newest Short Interest Report?

The stock of Dsw Incorporated (NYSE:DSW) registered an increase of 2.46% in short interest. DSW’s total short interest was 6.95M shares in December as published by FINRA. Its up 2.46% from 6.78 million shares, reported previously. With 984,000 shares average volume, it will take short sellers 7 days to cover their DSW’s short positions. The short interest to Dsw Incorporated’s float is 12.75%. About 665,667 shares traded hands. DSW Inc. (NYSE:DSW) has declined 3.92% since April 28, 2016 and is downtrending. It has underperformed by 9.85% the S&P500.

DSW Inc. is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The company has a market cap of $2.00 billion. The Firm operates through two divisions: the DSW segment and the Affiliated Business Group segment. It has a 19.09 P/E ratio. The DSW segment includes DSW stores and dsw.com.

Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.19, from 1.11 in 2016Q1. The ratio is positive, as 52 funds sold all DSW Inc. shares owned while 50 reduced positions. 24 funds bought stakes while 89 increased positions. They now own 71.87 million shares or 0.45% less from 72.19 million shares in 2016Q1.
Johnson Fincl Incorporated reported 775 shares or 0% of all its holdings. Spot Trading Ltd Liability has 0.01% invested in the company for 19,283 shares. Fifth Third Natl Bank, a Ohio-based fund reported 492 shares. Northern Trust last reported 1.22M shares in the company. Pointstate Cap Ltd Partnership reported 98,800 shares or 0.04% of all its holdings. Waddell & Reed Fincl owns 2.98 million shares or 0.13% of their US portfolio. Prudential has 0.01% invested in the company for 273,603 shares. Investors Asset Mgmt Of Georgia Ga Adv accumulated 0.28% or 17,240 shares. Paradigm Asset Management Limited Co has invested 0% of its portfolio in DSW Inc. (NYSE:DSW). Tiaa Cref Investment Limited Liability Corp accumulated 289,965 shares or 0% of the stock. Ws Mgmt Lllp last reported 832,100 shares in the company. Penbrook Lc holds 0.56% or 23,995 shares in its portfolio. Airain Limited accumulated 46,152 shares or 0.06% of the stock. Voya Management Ltd Liability Company last reported 0% of its portfolio in the stock. Paradigm Cap New York last reported 11,200 shares in the company.

Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 3 selling transactions for $4.11 million net activity. 42,423 shares were sold by Jordan William L, worth $1.06M. Ferree Deborah L sold $2.86 million worth of stock. $188,025 worth of shares were sold by SONNENBERG HARVEY L on Thursday, September 1.

DSW Inc. (NYSE:DSW) Ratings Coverage

Out of 18 analysts covering DSW Inc (NYSE:DSW), 6 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 33% are positive. DSW Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of DSW Inc. (NYSE:DSW) earned “Accumulate” rating by Johnson Rice on Wednesday, March 16. The stock has “Outperform” rating given by Telsey Advisory Group on Wednesday, August 26. The stock of DSW Inc. (NYSE:DSW) has “Hold” rating given on Friday, July 15 by Deutsche Bank. KeyBanc Capital Markets upgraded DSW Inc. (NYSE:DSW) on Tuesday, August 4 to “Overweight” rating. On Wednesday, November 25 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was initiated by Deutsche Bank on Friday, October 30 with “Hold”. The company was downgraded on Monday, October 26 by Canaccord Genuity. The firm earned “Neutral” rating on Wednesday, November 25 by M Partners. The firm earned “Buy” rating on Tuesday, August 25 by Sterne Agee CRT. The company was initiated on Friday, October 16 by BB&T Capital.

DSW Company Profile

DSW Inc., incorporated on January 20, 1969, is a footwear retailer. The Firm offers assortment of shoes, handbags and accessories for women, men and children. The Firm operates through two divisions: the DSW segment (DSW) and the Affiliated Business Group (ABG) segment. It operates approximately 470 DSW stores, dsw.com and shoe departments in approximately 280 Stein Mart stores and Steinmart.com, over 100 Gordmans stores and Gordmans.com, and approximately one Frugal Fannie’s store. The Company’s DSW stores average approximately 21,000 square feet and carry over 21,500 pairs of shoes. In addition, it offers DSW Rewards program, through which members earn points towards certificates every time they purchase.

More recent DSW Inc. (NYSE:DSW) news were published by: Fool.com which released: “Why DSW, Inc. Stock Popped Today” on November 22, 2016. Also Prnewswire.com published the news titled: “DSW Inc. Names Jared Poff as Chief Financial Officer” on November 18, 2016. Prnewswire.com‘s news article titled: “DSW Inc. Announces Third Quarter 2016 Earnings Release Date” with publication date: November 08, 2016 was also an interesting one.

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By Pete Kolinski

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