Last $30.82 USD
Change Today +0.38 / 1.25%
Volume 215.2K
BWS On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

brown shoe company inc (BWS) Key Developments

Brown Shoe Company Declares Regular Quarterly Dividend, Payable on January 2, 2015

Brown Shoe Company declared a quarterly dividend of $0.07 per share, payable on January 2, 2015, to shareholders of record on December 23, 2014.

Brown Shoe reportedly in hunt to acquire Stuart Weitzman

Brown Shoe Co. Inc. (NYSE:BWS) reportedly is attempting to acquire Stuart Weitzman Holdings, LLC in a deal that could be valued at almost $1 billion. Private equity firm Sycamore Partners, which owns Stuart Weitzman, has been working with Citigroup and Goldman Sachs on a potential sale of the company.

Coach Reportedly Eyes Stuart Weitzman

Coach, Inc. (NYSE:COH) is among a small list of bidders vying to acquire Stuart Weitzman Holdings, LLC, in a deal that is likely to be agreed before the end of 2014, reported Financial Times citing people familiar with the matter. According to the people, Coach faces competition from Brown Shoe Co. Inc. (NYSE:BWS) and at least one private equity buyer to acquire Stuart Weitzman. The people added that final bids for Stuart Weitzman are due in mid-December 2014, and are expected to value the company at between $600 million and $700 million. Coach and Brown Shoe Company did not immediately return requests for comment from Financial Times.

Brown Shoe Co. Inc. to Open Approximately 50 Stores and Close Roughly 60 Stores in 2014

Brown Shoe Co. Inc. expects to open approximately 50 stores in 2014 and close roughly 60.

Brown Shoe Co. Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014 ; Provides Earnings Guidance for the Year 2014

Brown Shoe Co. Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $729,277 million, operating earnings of $53,213 million, earnings before income taxes from continuing operations of $48,115 million, net earnings from continuing operations of $33,237 million or $0.75 per diluted share, net earnings attributable to company of $33,113 million or $0.75 per diluted share, adjusted net earnings from continuing operations of $31,905 million or $0.75 per diluted share, adjusted net earnings attributable to company after allocation of earnings to participating securities of $31,905 million or $0.75 per diluted share compared to the net sales of $702,788 million, operating earnings of $44,668 million, earnings before income taxes from continuing operations of $39,546 million, net earnings from continuing operations of $27,051 million or $0.62 per diluted share, net earnings attributable to company of $27,314 million or $0.63 per diluted share, adjusted net earnings from continuing operations of $25,984 million or $0.62 per diluted share, adjusted net earnings attributable to company after allocation of earnings to participating securities of $26,208 million or $0.63 per diluted share for the same quarter a year ago. For the nine months period, the company reported net sales of $1,956,316 million, operating earnings of $113,241 million, earnings before income taxes from continuing operations of $97,898 million, net earnings from continuing operations of $66,752 million or $1.52 per diluted share, net earnings attributable to company of $66,606 million or $1.52 per diluted share, net cash provided by operating activities of $68,502 million, capital expenditures of $40,380 million, adjusted net earnings from continuing operations of $64,120 million or $1.52 per diluted share, adjusted net earnings attributable to company after allocation of earnings to participating securities of $64,120 million or $1.52 per diluted share compared to the net sales of $1,913,150 million, operating earnings of $88,438 million, earnings before income taxes from continuing operations of $72,553 million, net earnings from continuing operations of $48,031 million or $1.11 per diluted share, net earnings attributable to company of $31,909 million or $0.73 per diluted share, net cash provided by operating activities of $61,985 million, capital expenditures of $41,603 million, adjusted net earnings from continuing operations of $51,331 million or $1.23 per diluted share, adjusted net earnings attributable to company after allocation of earnings to participating securities of $52,890 million or $1.27 per diluted share for the same period a year ago. The company provided earnings guidance for the year 2014. For the year, the company expected consolidated net sales from $2.58 billion to $2.59 billion, net interest expense from $20 million to $21 million, effective tax rate from 30% to 32%, earnings per diluted share from $1.65 to $1.69, depreciation and amortization from $51 million to $53 million and capital expenditures from $56 million to $59 million.

 

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BWS

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Valuation BWS Industry Range
Price/Earnings 18.4x
Price/Sales 0.5x
Price/Book 2.5x
Price/Cash Flow 18.3x
TEV/Sales 0.4x
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