DSW Major Shareholder Schottenstein Rvi Llc Sells 23,784 Shares (DSW)
DSW (NYSE:DSW) major shareholder Schottenstein Rvi Llc unloaded 23,784 shares of the stock on the open market in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $85.10, for a total value of $2,024,018.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of analysts have recently weighed in on DSW shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of DSW (NYSE:DSW) in a research note to investors on Wednesday. They set a “neutral” rating and a $87.00 price target on the stock. Separately, 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. Finally, 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.
One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.18.
DSW (NYSE:DSW) traded down 0.46% on Wednesday, hitting $84.55. The stock had a trading volume of 209,859 shares. DSW has a one year low of $57.27 and a one year high of $88.73. The stock has a 50-day moving average of $83.02 and a 200-day moving average of $73.67. The company has a market cap of $3.833 billion and a price-to-earnings ratio of 26.73.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 declared a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend 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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