Brown Shoe Co. Inc. (BWS) Announces Quarterly Dividend of $0.07
Brown Shoe Co. (NYSE:BWS) declared a quarterly dividend on Thursday, August 28th, Analyst Ratings Net reports. Investors of record on Wednesday, September 17th will be given a dividend of 0.07 per share on Wednesday, October 1st. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%.
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.
Brown Shoe Co. (NYSE:BWS) traded up 0.64% on Thursday, hitting $30.09. 296,974 shares of the company’s stock traded hands. Brown Shoe Co. has a 1-year low of $21.46 and a 1-year high of $32.31. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $26.77. The company has a market cap of $1.314 billion and a P/E ratio of 20.13.
Brown Shoe Co. (NYSE:BWS) last released its earnings data on Wednesday, August 27th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The company had revenue of $635.90 million for the quarter, compared to the consensus estimate of $637.70 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Brown Shoe Co. will post $1.57 EPS for the current fiscal year.
In other Brown Shoe Co. news, Insider Richard M. Ausick sold 2,062 shares of Brown Shoe Co. stock on the open market in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link.
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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