DSW Inc. (DSW) Set to Join Standard & Poor’s Smallcap 600 Index
S&P Dow Jones Indices said after the closing-bell Friday that footwear retailer DSW Inc. (NYSE:DSW) will replace banking firm Texas Capital Bancshares Inc. (Nasdaq:TCBI) in the S&P SmallCap 600 – which measures the small-cap segment of the U.S. equity market – before the market open on Wednesday, March 29. According to the S&P Global‘s (NYSE:SPGI) division, DSW will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
A couple weeks ago, DSW reported fourth quarter 2016 revenue of $674.6 million and an adjusted net income of $16.5 million, or $0.20 per diluted share for the period.
DSW stock finished Friday’s trading session in positive territory by 0.68% (or +$0.13) at $19.27 and 1.09M of its shares changed hands during the day.
DSW, which operates as a branded footwear and accessories retailer, has 72.45M shares outstanding, market capitalization (intraday) of $1.56B and DSW stock 52-week range is from $18.51 to $28.05 per share.
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