Insider Selling: Ronald A. Fromm Sells 11,251 Shares of Brown Shoe Co. Stock (BWS)
Brown Shoe Co. (NYSE:BWS) Director Ronald A. Fromm sold 11,251 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $24.64, for a total transaction of $277,224.64. Following the transaction, the director now directly owns 392,287 shares of the company’s stock, valued at approximately $9,665,952. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Brown Shoe Co. (NYSE:BWS) traded down 1.09% on Friday, hitting $24.46. The stock had a trading volume of 240,550 shares. Brown Shoe Co. has a 1-year low of $15.24 and a 1-year high of $28.70. The stock has a 50-day moving average of $26.32 and a 200-day moving average of $24.06. The company has a market cap of $1.056 billion and a P/E ratio of 29.83.
Brown Shoe Co. (NYSE:BWS) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.41. The company had revenue of $702.80 million for the quarter, compared to the consensus estimate of $593.80 million. During the same quarter last year, the company posted $0.60 earnings per share. Brown Shoe Co.’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Brown Shoe Co. will post $1.40 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Brown Shoe Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $26.60 price target on the stock. Analysts at Johnson Rice upgraded shares of Brown Shoe Co. from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Brown Shoe Co. presently has an average rating of “Buy” and a consensus target price of $26.87.
Brown Shoe Company, Inc is a global footwear retailer and wholesaler. The Company’s activities include the operation of retail shoe stores and e-commerce Websites, as well as the sourcing and marketing of footwear for women and men.
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