DSW Major Shareholder Sells $1,549,222 in Stock (DSW)
DSW (NYSE:DSW) major shareholder Jay Schottenstein unloaded 18,209 shares of DSW stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $85.08, for a total value of $1,549,221.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of DSW (NYSE:DSW) traded down 0.69% on Tuesday, hitting $84.90. 418,319 shares of the company’s stock traded hands. DSW has a one year low of $57.27 and a one year high of $88.73. The stock’s 50-day moving average is $84.20 and its 200-day moving average is $74.88. The company has a market cap of $3.849 billion and a P/E ratio of 26.90.
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 in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter 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 Susquehanna raised their price target on shares of DSW from $95.00 to $98.00 in a research note to investors on Monday. They now have a “positive” rating on the stock. Separately, analysts at Zacks upgraded shares of DSW from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $88.80 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $81.57.
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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