DSW Major Shareholder Jay Schottenstein Sells 66,791 Shares (DSW)
DSW (NYSE:DSW) major shareholder Jay Schottenstein sold 66,791 shares of the stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $85.17, for a total transaction of $5,688,589.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
DSW (NYSE:DSW) traded up 0.04% on Friday, hitting $84.80. The stock had a trading volume of 192,056 shares. 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 $84.0 and its 200-day moving average is $74.56. The company has a market cap of $3.844 billion and a price-to-earnings ratio of 26.67.
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. Analysts expect that DSW will post $3.81 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of DSW (NYSE:DSW) in a research note to investors on Wednesday, September 25th. 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.18.
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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