Brown Shoe Co. Insider John W. Schmidt Unloads 25,600 Shares (BWS)
Brown Shoe Co. (NYSE:BWS) Insider John W. Schmidt sold 25,600 shares of Brown Shoe Co. stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $24.46, for a total value of $626,176.00. Following the completion of the transaction, the insider now directly owns 66,206 shares of the company’s stock, valued at approximately $1,619,399. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on BWS. 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 assigned a buy rating to the company’s stock. Brown Shoe Co. has an average rating of “Buy” and an average price target of $26.87.
Shares of Brown Shoe Co. (NYSE:BWS) traded down 0.81% on Tuesday, hitting $24.2618. The stock had a trading volume of 225,980 shares. Brown Shoe Co. has a 52-week low of $15.24 and a 52-week high of $28.70. The stock has a 50-day moving average of $26.27 and a 200-day moving average of $24.08. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 29.51.
Brown Shoe Co. (NYSE:BWS) last released its earnings data on Tuesday, November 19th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Brown Shoe Co. will post $1.40 earnings per share for the current fiscal year.
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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