Brown Shoe Company Plans Quarterly Dividend of $0.07 (BWS)

Brown Shoe Company (NYSE:BWS) announced a quarterly dividend on Thursday, May 30th, ARN reports. Stockholders of record on Monday, June 17th will be paid a dividend of $0.07 per share on Monday, July 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.30%.

A number of analysts have recently weighed in on BWS shares. Analysts at Brean Murray reiterated a “buy” rating on shares of Brown Shoe Company in a research note to investors on Thursday. They now have a $26.00 price target on the stock. On a related note, analysts at Macquarie downgraded shares of Brown Shoe Company to a “neutral” rating in a research note to investors on Friday, April 12th.

Shares of Brown Shoe Company (NYSE: BWS) opened at 21.49 on Friday. Brown Shoe Company has a 52 week low of $11.03 and a 52 week high of $21.80. The stock’s 50-day moving average is currently $17.25. The company has a market cap of $922.6 million and a P/E ratio of 33.58.

Brown Shoe Company (NYSE: BWS) last issued its quarterly earnings data on Wednesday, May 29th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $588.70 million for the quarter, compared to the consensus estimate of $609.05 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Brown Shoe Company has set its FY14 guidance at $1.22-1.29 EPS. On average, analysts predict that Brown Shoe Company will post $1.27 earnings per share for the current fiscal year.

Brown Shoe Company, Inc. (NYSE: BWS) operates in the footwear industry.

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