Brown Shoe Company, Inc. (NYSE:BWS) said on Friday that its net earnings of $1.7 million for the quarter ended April 28, dropped 54% from $3.7 million during the similar quarter in 2011.
The decreased in profit was mostly due to higher markdowns at both the wholesale and retail level, the firm reported in a statement.
Brown declared net sales of $626.4 million for the quarter, an surged of 1% from $619.6 million during the similar quarter previous year. Improved weather, both on a quarterly sequential and year-over-year basis, assisted drive strong growth in sales of running shoes and sandals. During the quarter, the firm closed or relocated 34 stores and added 11 new stores.
Sector analysis, over all tech sector moved up, PetSmart, Inc. (NASDAQ:PETM) rose +0.57%, Coinstar, Inc. (NASDAQ:CSTR) lost -1.38%, Barnes & Noble, Inc. (NYSE:BKS) moved up +1.55%, Francesca’s Holdings Corp (NASDAQ:FRAN) dropped -0.55%, United Online, Inc. (NASDAQ:UNTD) which also decreased -2.29% and Titan Machinery Inc. (NASDAQ:TITN) edged up +5.78%.
Brown Shoe Company, Inc. (NYSE:BWS) stock reports on May 18, 2012 increased 25.46% to the closing price of $10.99. Its fifty two week range was $5.85-$11.42. The total market capitalization remained $470.83 million.
The overall volume in the last trading session was 3.45 million shares. In its share capital BWS has 42.84 million outstanding shares among them 40.18 million shares have been floated in market exchange. BWS stock institutional ownership remained 90.11% while insider ownership included 4.54%.
BWS is ahead its 52 week low with 90.97% and lagging behind from its 52 week high price with -2.03%. BWS last month stock price volatility remained 5.15%. The stock price of BWS is moving forward from its 20 days moving average with 23.21% and remote positively from 50 days moving average with 21.02%.
BWS current year earnings per share experienced a declined with -76.19% while its current quarter performance remained 3.39%. Company’s beta coefficient included 1.94. Beta factors measures the amount of market risk associated with market trade.
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