Brown Shoe Co. CAO Unloads $149,200 in Stock (BWS)
Brown Shoe Co. (NYSE:BWS) CAO Daniel L. Karpel sold 5,000 shares of Brown Shoe Co. stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 36,294 shares in the company, valued at approximately $1,083,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, 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.
Shares of Brown Shoe Co. (NYSE:BWS) traded up 0.74% during mid-day trading on Tuesday, hitting $30.06. The stock had a trading volume of 248,909 shares. Brown Shoe Co. has a one year low of $21.46 and a one year high of $32.31. The stock has a 50-day moving average of $28.98 and a 200-day moving average of $26.84. The company has a market cap of $1.265 billion and a P/E ratio of 19.43.
Brown Shoe Co. (NYSE:BWS) last issued its quarterly 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. On average, analysts predict that Brown Shoe Co. will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, September 15th.
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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