Insider Selling: DSW COO Sells $307,930.00 in Stock (DSW)

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DSW (NYSE:DSW) COO Carrie S. Mcdermott sold 8,798 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $35.00, for a total transaction of $307,930.00. Following the transaction, the chief operating officer now directly owns 16,910 shares in the company, valued at approximately $591,850. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at B. Riley reiterated a “buy” rating and set a $43.00 price target on shares of DSW in a research note on Wednesday, July 1st. Analysts at Zacks upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, June 30th. Analysts at Jefferies Group reiterated a “buy” rating and set a $44.00 price target on shares of DSW in a research note on Monday, June 15th. Analysts at Sterne Agee CRT reiterated a “buy” rating and set a $45.00 price target on shares of DSW in a research note on Thursday, May 28th. Finally, analysts at Goldman Sachs downgraded shares of DSW from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $37.00 in a research note on Thursday, May 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.00.

DSW (NYSE:DSW) opened at 34.82 on Friday. DSW has a 1-year low of $25.76 and a 1-year high of $39.58. The stock has a 50-day moving average of $34.70 and a 200-day moving average of $36.13. The company has a market cap of $3.09 billion and a P/E ratio of 19.31.

DSW (NYSE:DSW) last released its earnings data on Wednesday, May 27th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.04. The company had revenue of $655.00 million for the quarter, compared to the consensus estimate of $652.90 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that DSW will post $1.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 19th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, June 17th.

DSW Inc. is a footwear and accessories retailer. The Company offers assortment of shoes, handbags and accessories for women and men. The Company operates through two segments: the DSW segment and the Affiliated Business Group (NYSE:DSW) segment. Its DSW segment includes DSW stores and dsw.com. The Company separates DSW merchandise into four primary categories: women’s footwear; men’s footwear; athletic footwear; and accessories and other. The ABG segment partners with four other retailers to help build and optimize their footwear businesses. As of January 31, 2015, the Company operated 431 DSW stores in 42 states, the District of Columbia and Puerto Rico. DSW stores average approximately 21,500 square feet and carry approximately 22,000 pairs of shoes. The Company also offers DSW Rewards, through which members earn points towards certificates every time they purchase.

 

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