Brown Shoe Co. Insider Unloads $299,300 in Stock (BWS)
Brown Shoe Co. (NYSE:BWS) Insider John R. Mazurk unloaded 10,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $29.93, for a total transaction of $299,300.00. Following the completion of the transaction, the insider now directly owns 93,746 shares of the company’s stock, valued at approximately $2,805,818. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brown Shoe Co. (NYSE:BWS) traded down 2.03% on Wednesday, hitting $29.45. 302,192 shares of the company’s stock traded hands. 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 $29.09 and a 200-day moving average of $26.9. The company has a market cap of $1.239 billion and a P/E ratio of 19.57.
Brown Shoe Co. (NYSE:BWS) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.33 earnings per share. Brown Shoe Co.’s revenue was up 2.3% compared to the same quarter last year. 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. Shareholders 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 0.95%. The ex-dividend date is Monday, September 15th.
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.
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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