DSW Major Shareholder Schottenstein Rvi Llc Unloads 6,199 Shares (DSW)
DSW (NYSE:DSW) major shareholder Schottenstein Rvi Llc sold 6,199 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $85.11, for a total transaction of $527,596.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on DSW shares. Analysts at Canaccord Genuity raised their price target on shares of DSW (NYSE:DSW) from $75.00 to $82.00 in a research note to investors on Wednesday, August 28th. They now have a “hold” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of DSW (NYSE:DSW) from $85.00 to $97.00 in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of DSW (NYSE:DSW) from $84.00 to $89.00 in a research note to investors on Wednesday, August 28th. They now have a “not rated” rating on the stock.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.50.
DSW (NYSE:DSW) traded down 0.85% during mid-day trading on Friday, hitting $82.88. 373,204 shares of the company’s stock traded hands. DSW has a 52-week low of $57.27 and a 52-week high of $88.73. The stock’s 50-day moving average is $81.25 and its 200-day moving average is $72.6. The company has a market cap of $3.804 billion and a price-to-earnings ratio of 26.30.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, August 27th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.80 by $0.17. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $559.69 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that DSW will post $3.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, September 18th.
DSW Inc (NYSE:DSW) is a United States branded footwear and accessories specialty retailer operating 326 shoe stores in 40 states as of January 28, 2012, and dsw.
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