Brown Shoe Co. (BWS) Releases Quarterly Earnings Results
Brown Shoe Co. (NYSE:BWS) posted its quarterly earnings results on Wednesday. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.06, American Banking & Market News reports. The company had revenue of $635.90 million for the quarter, compared to the consensus estimate of $637.70 million.
In other Brown Shoe Co. news, Insider Richard M. Ausick unloaded 2,062 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $30.01, for a total transaction of $61,880.62. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on BWS shares. 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) opened at 31.37 on Wednesday. Brown Shoe Co. has a 52-week low of $21.26 and a 52-week high of $32.31. The stock’s 50-day moving average is $28.87 and its 200-day moving average is $26.73. The company has a market cap of $1.370 billion and a P/E ratio of 21.02.
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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