Insider Buying: DSW Chairman Buys 20,000 Shares of Stock (DSW)
DSW (NYSE:DSW) Chairman Deborah L. Ferree purchased 20,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average price of $25.72 per share, with a total value of $514,400.00. Following the transaction, the chairman now directly owns 90,533 shares in the company, valued at approximately $2,328,509. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on DSW. Analysts at Zacks upgraded shares of DSW from an “underperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $25.30 price target on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of DSW in a research note on Thursday, May 29th. They now have a $29.00 price target on the stock, down previously from $44.00. Finally, analysts at MKM Partners cut their price target on shares of DSW from $45.00 to $32.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. DSW presently has a consensus rating of “Hold” and a consensus price target of $35.03.
DSW (NYSE:DSW) traded up 2.74% on Friday, hitting $27.00. The stock had a trading volume of 3,024,692 shares. DSW has a 1-year low of $23.45 and a 1-year high of $47.55. The stock’s 50-day moving average is $31.92 and its 200-day moving average is $37.83. The company has a market cap of $2.487 billion and a price-to-earnings ratio of 15.55.
DSW (NYSE:DSW) last released its earnings data on Wednesday, May 28th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.06. The company had revenue of $599.00 million for the quarter, compared to the consensus estimate of $622.40 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that DSW will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, June 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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