Insider Selling: DSW CMO Unloads 4,860 Shares of Stock (DSW)
DSW (NYSE:DSW) CMO Kelly Cook unloaded 4,860 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $27.60, for a total transaction of $134,136.00. Following the transaction, the chief marketing officer now directly owns 830 shares of the company’s stock, valued at approximately $22,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
DSW has been the subject of a number of recent research reports. 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.03.
DSW (NYSE:DSW) traded down 1.42% during mid-day trading on Thursday, hitting $27.08. 2,052,490 shares of the company’s stock traded hands. 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 $31.31 and its 200-day moving average is $37.21. The company has a market cap of $2.494 billion and a price-to-earnings ratio of 16.25.
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. On average, analysts predict that DSW will post $1.55 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 2.77%. 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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