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.


Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/