Brown Shoe Co. Insider Sells $61,881 in Stock (BWS)
Brown Shoe Co. (NYSE:BWS) Insider Richard M. Ausick sold 2,062 shares of Brown Shoe Co. stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $30.01, for a total value of $61,880.62. Following the completion of the transaction, the insider now directly owns 189,307 shares of the company’s stock, valued at approximately $5,681,103. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Shares of Brown Shoe Co. (NYSE:BWS) traded up 2.23% during mid-day trading on Friday, hitting $30.69. 332,744 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 has a 50-day moving average of $28.70 and a 200-day moving average of $26.53. The company has a market cap of $1.340 billion and a price-to-earnings ratio of 20.22.
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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