DSW Major Shareholder Schottenstein Rvi Llc Sells 67,535 Shares (DSW)
DSW (NYSE:DSW) major shareholder Schottenstein Rvi Llc sold 67,535 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $85.18, for a total transaction of $5,752,631.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on DSW. 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. DSW presently has a consensus rating of “Hold” and an average target price of $79.50.
DSW (NYSE:DSW) traded up 0.78% on Friday, hitting $85.16. The stock had a trading volume of 347,610 shares. DSW has a 1-year low of $57.27 and a 1-year high of $88.73. The stock’s 50-day moving average is $82.36 and its 200-day moving average is $73.23. The company has a market cap of $3.861 billion and a P/E ratio of 26.59.
DSW (NYSE:DSW) last announced its earnings results on Tuesday, August 27th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.66 earnings per share. DSW’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that DSW will post $3.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Stockholders 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 1.17%. 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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