Brown Shoe Co. Coverage Initiated by Analysts at Wunderlich (BWS)
Analysts at Wunderlich initiated coverage on shares of Brown Shoe Co. (NYSE:BWS) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $38.00 price target on the stock. Wunderlich’s price objective points to a potential upside of 29.03% from the company’s current price.
In other Brown Shoe Co. news, Insider John R. Mazurk sold 10,000 shares of Brown Shoe Co. stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.93, for a total transaction of $299,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. Four analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $34.75.
Brown Shoe Co. (NYSE:BWS) opened at 29.45 on Thursday. Brown Shoe Co. has a one year low of $21.46 and a one year high of $32.31. The stock’s 50-day moving average is $29.09 and its 200-day moving average is $26.9. The company has a market cap of $1.239 billion and a price-to-earnings ratio of 19.57.
Brown Shoe Co. (NYSE:BWS) last released its earnings data on Wednesday, August 27th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Brown Shoe Co. will post $1.59 EPS 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 0.95%. 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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