Insider Selling: Richard M. Ausick Sells 12,638 Shares of Brown Shoe Co. Stock (BWS)
Brown Shoe Co. (NYSE:BWS) Insider Richard M. Ausick unloaded 12,638 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $30.02, for a total transaction of $379,392.76. Following the transaction, the insider now directly owns 191,369 shares of the company’s stock, valued at approximately $5,744,897. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Brown Shoe Co. (NYSE:BWS) traded up 0.64% during mid-day trading on Thursday, hitting $30.02. 316,479 shares of the company’s stock traded hands. Brown Shoe Co. has a 52 week low of $21.26 and a 52 week high of $30.14. The stock’s 50-day moving average is $28.70 and its 200-day moving average is $26.53. The company has a market cap of $1.311 billion and a P/E ratio of 20.09.
Brown Shoe Co. (NYSE:BWS) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Brown Shoe Co. will post $1.56 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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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