Brown Shoe Inc. (BWS) is trading much higher since its original feature on Zacks.com. Estimates are also climbing as the company prepares for its next quarterly report, on May 26th.
Company Description
Brown Shoe has more than 1,100 shoe stores world wide and another 300 specialty retail locations. Brands include Dr. Scholl’s, Famous Footwear and others.
More Revisions
Since I wrote about Brown Shoe on March 11th, there have been a few more estimate revisions. The full-year Zacks Consensus Estimate for this fiscal year is now 89 cents, up from 72 cents.
Next year’s forecasts are now averaging $1.09, up from 91 cents. These levels represent year-over-year growth rates of 123% and 22%, respectively.
Hot Industry
Brown Shoe is the top ranked company in its industry. That industry is currently the 7th highest ranked industry, out of 264, using the Zacks Rank.
Shares of BWS are not a great value, but the earnings momentum can be worth paying a little extra for. The forward P/E is 21 times right now. Its price-to-book is just under 2.0, which is not bad.
The Chart
Brown Shoe shares have been volatile lately, but just about every stock has. Shares have recovered sharply from the sell off and are up significantly since the original feature.
Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service
Read the March 11th Feature Here
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