Insider Buying: DSW EVP Acquires 1,000 Shares of Stock (DSW)
DSW (NYSE:DSW) EVP William L. Jordan acquired 1,000 shares of DSW stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average price of $25.65 per share, for a total transaction of $25,650.00. Following the transaction, the executive vice president now directly owns 28,928 shares of the company’s stock, valued at approximately $742,003. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
DSW (NYSE:DSW) opened at 26.28 on Friday. DSW has a 52 week low of $23.45 and a 52 week 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 $2.421 billion and a P/E ratio of 15.55.
DSW (NYSE:DSW) last issued its quarterly 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. On average, analysts predict that DSW will post $1.56 earnings per share 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 2.85%. The ex-dividend date is Wednesday, June 18th.
A number of analysts have recently weighed in on DSW shares. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $35.03.
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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