An investigation for investors in DSW Inc. shares over potential securities laws violations by DSW Inc. was announced and NYSE:DSW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/31/2016 -- An investigation was announced on behalf of investors of NYSE:DSW shares over potential securities laws violations in connection certain financial statements.
Investors who purchased shares of DSW Inc. (NYSE:DSW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DSW Inc. (NYSE:DSW) concerning whether certain statements regarding DSW's business, its prospects and its operations were materially false and misleading at the time they were made.
On March 15, 2016, DSW Inc. announced its fourth quarter and fiscal year 2015 financial results. DSW Inc. (NYSE:DSW) reported that its Total Revenue rose from over $2.49 billion for the 52 weeks period that ended on January 31, 2015 to over $2.62 billion for the 52 weeks period that ended on January 30, 2016 and that its Net Income for those respective time periods declined from $153.03 million to $136.03 million. DSW Inc. also issued its fiscal 2016 annual outlook.
On May 24, 2016, DSW Inc. announced its first quarter 2016 financial results and revised its full year earning guidance.
Shares of DSW Inc. (NYSE:DSW) declined from as high as $39.14 per share in April 2015 to as low as $18.51 per share on May 24, 2016.
On May 27, 2016, NYSE:DSW shares closed at $20.98 per share.
Those who purchased shares of DSW Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com