DSW Director Unloads $84,550 in Stock (DSW)
DSW (NYSE:DSW) Director Harvey Sonnenberg sold 1,000 shares of DSW stock on the open market in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $84.55, for a total value of $84,550.00. Following the sale, the director now directly owns 6,612 shares of the company’s stock, valued at approximately $559,045. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on DSW shares. 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.57.
DSW (NYSE:DSW) traded up 0.05% during mid-day trading on Thursday, hitting $84.65. 501,195 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 $84.49 and a 200-day moving average of $75.09. The company has a market cap of $3.837 billion and a price-to-earnings ratio of 26.62.
DSW (NYSE:DSW) last issued its quarterly earnings data 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. On average, analysts predict that DSW will post $3.81 earnings per share for the current fiscal year.
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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