Insider Activity At Brown Shoe Company (BWS) and Flexsteel Industries (FLXS)

On Monday, two small-cap companies at the cyclical consumer goods and services sector saw its insiders acquire their stock: Brown Shoe Company, Inc. (NYSE:BWS) and Flexsteel Industries, Inc.(NASDAQ:FLXS).

Brown Shoe Company, a $1.05 billion market cap footwear retailer and wholesaler, witnessed one purchase in the hands of Lee W Capps, Board Director. Capps started a position in the stock with 1,020 shares, for which he paid $24.90 per share. In addition, the insider holds 2,980 shares indirectly, through an Irrevocable Trust. Moreover, major hedge funds including Jim Simons‘ Renaissance Technologies and Israel Englander‘s Millennium Management also seem to feel bullish about this stock. In fact, Simons more than doubled his stakes in the stock over the last reported quarter and is now the largest institutional shareholder at Brown Shoe Company, holding 859,050 shares. Mr. Englander, also upped his bets, tripling his holdings, to 254,094 shares. Other prominent investors placing bets on this company are Joel Greenblatt and Ken Griffin.

Brown Shoe Company, Inc. (NYSE:BWS)

In order to understand the all of the aforementioned bullishness, one must look beyond the company’s weak fundamentals, and into its growth prospects. Analysts expect it to outperform its industry, delivering average annual EPS growth rates around 15% over the next five years. Moreover, a mean price target of $32.50 per share implies a significant upside potential for the shorter-term.

Second in this list is Flexsteel Industries, a $266 million market cap manufacturer, importer and marketer of residential and commercial upholstered and wooden furniture products in the United States. Although only two major funds, Renaissance Technologies and Chuck Royce’s Royce & Associates, hold stakes in this stock, and both have most recently reduced their exposure to it, one insider at the company still seems to find growth potential in it.

Nancy Uridil, Board Director, added, last Monday, 1,705 shares of Common Stock to her holding, which now amount to 7,150 shares. Having reported two separate transactions, the insider paid $36.34 per share for 1,000 of them, and $36.47 per share for the remaining 705 shares. Moreover, in addition to this insider, analysts also seem to like this company. Analysts at Morningstar, Yahoo! Finance and Barrons/The Wall Street Journal are recommending Flexsteel’s stock as a “buy” case.

Disclosure: Javier Hasse holds no postion in any stocks mentioned

Recommended Reading:

Four Warren Buffet Picks With Recent Insider Purchases

Insiders Betting on CONN’S, Inc. (CONN) & RCS Capital Corp (RCAP)

Insiders are Buying Western Asset Mortgage Capital Corp (WMC) and Callon Petroleum Company (CPE)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!