Insider Buying: Mary E. Meixelsperger Purchases 2,000 Shares of DSW Stock (DSW)
DSW (NYSE:DSW) SVP Mary E. Meixelsperger bought 2,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of $25.94 per share, for a total transaction of $51,880.00. Following the completion of the acquisition, the senior vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $103,760. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. DSW currently has an average rating of “Hold” and a consensus price target of $35.03.
Shares of DSW (NYSE:DSW) traded up 2.74% during mid-day trading on Friday, hitting $27.00. The stock had a trading volume of 3,024,692 shares. DSW has a one year low of $23.45 and a one 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 P/E ratio of 15.55.
DSW (NYSE:DSW) last announced its earnings results 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. Investors 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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