Insider Selling: Jay Schottenstein Sells 51,492 Shares of DSW Stock (DSW)
DSW (NYSE:DSW) major shareholder Jay Schottenstein sold 51,492 shares of DSW stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $85.26, for a total transaction of $4,390,207.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
DSW (NYSE:DSW) traded up 0.04% on Friday, hitting $84.80. 192,056 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 has a 50-day moving average of $84.0 and a 200-day moving average of $74.56. The company has a market cap of $3.844 billion and a P/E ratio of 26.67.
DSW (NYSE:DSW) last posted its quarterly 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 $3.81 EPS for the current fiscal year.
DSW has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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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