Brown Shoe Co. Reaches New 52-Week High at $30.13 (BWS)
Shares of Brown Shoe Co. (NYSE:BWS) reached a new 52-week high on Tuesday , American Banking News.com reports. The company traded as high as $30.13 and last traded at $29.49, with a volume of 89,289 shares trading hands. The stock had previously closed at $29.81.
A number of research firms have recently commented on BWS. Analysts at Buckingham Research initiated coverage on shares of Brown Shoe Co. in a research note on Wednesday, June 25th. They set a “buy” rating and a $33.00 price target on the stock. Analysts at Susquehanna raised their price target on shares of Brown Shoe Co. from $30.00 to $33.00 in a research note on Tuesday, June 3rd.
The stock has a 50-day moving average of $28.61 and a 200-day moving average of $26.42. The company has a market cap of $1.297 billion and a price-to-earnings ratio of 20.07.
Brown Shoe Co. (NYSE:BWS) last announced its earnings results on Wednesday, May 28th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $591.20 million for the quarter, compared to the consensus estimate of $592.46 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Brown Shoe Co. will post $1.55 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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