Equities research analysts expect Caleres Inc (NYSE:CAL) to post $0.63 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Caleres’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.54. Caleres reported earnings of $0.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 31.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, September 4th.
According to Zacks, analysts expect that Caleres will report full year earnings of $2.48 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $2.71 per share, with EPS estimates ranging from $2.67 to $2.75. Zacks’ EPS averages are an average based on a survey of research analysts that cover Caleres.
Caleres (NYSE:CAL) last released its quarterly earnings results on Thursday, May 31st. The textile maker reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Caleres had a net margin of 3.21% and a return on equity of 13.70%. The business had revenue of $632.10 million for the quarter, compared to analysts’ expectations of $644.99 million. During the same period in the previous year, the company earned $0.40 EPS. Caleres’s revenue for the quarter was up .1% compared to the same quarter last year.
Several research firms have recently commented on CAL. ValuEngine lowered shares of Caleres from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Caleres in a report on Thursday. Buckingham Research reissued a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Caleres in a report on Wednesday, March 14th. Loop Capital started coverage on shares of Caleres in a report on Thursday, June 7th. They issued a “hold” rating and a $37.00 target price for the company. Finally, Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Caleres currently has an average rating of “Hold” and an average target price of $36.17.
In other news, CEO Diane M. Sullivan sold 17,399 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $35.14, for a total transaction of $611,400.86. Following the completion of the transaction, the chief executive officer now directly owns 711,000 shares in the company, valued at approximately $24,984,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Koch sold 10,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $35.00, for a total value of $350,000.00. Following the transaction, the senior vice president now owns 107,501 shares of the company’s stock, valued at $3,762,535. The disclosure for this sale can be found here. Insiders have sold a total of 52,089 shares of company stock valued at $1,817,258 over the last quarter. Corporate insiders own 5.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC purchased a new stake in Caleres in the fourth quarter worth $140,000. Xact Kapitalforvaltning AB purchased a new stake in Caleres in the fourth quarter worth $201,000. Amalgamated Bank purchased a new stake in Caleres in the fourth quarter worth $204,000. Robeco Institutional Asset Management B.V. purchased a new stake in Caleres in the first quarter worth $247,000. Finally, Verition Fund Management LLC purchased a new stake in Caleres in the first quarter worth $256,000. Institutional investors own 87.54% of the company’s stock.
Shares of Caleres traded up $0.23, hitting $34.62, during midday trading on Wednesday, according to MarketBeat. 426,820 shares of the company’s stock traded hands, compared to its average volume of 394,195. Caleres has a 1 year low of $22.39 and a 1 year high of $37.06. The firm has a market capitalization of $1.49 billion, a P/E ratio of 15.92, a PEG ratio of 1.26 and a beta of 0.93. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.28.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be paid a $0.07 dividend. The ex-dividend date is Friday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.81%. Caleres’s payout ratio is 12.96%.
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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