Caleres (NYSE:CAL) announced its quarterly earnings data on Tuesday. The textile maker reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $706.61 million during the quarter, compared to the consensus estimate of $709.15 million. Caleres had a net margin of 3.21% and a return on equity of 13.70%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Caleres updated its FY19 guidance to $2.40-2.50 EPS.
Shares of NYSE:CAL traded down $3.14 during midday trading on Wednesday, hitting $37.22. The company had a trading volume of 72,338 shares, compared to its average volume of 280,934. Caleres has a 12 month low of $26.54 and a 12 month high of $41.09. 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 has a market capitalization of $1.75 billion, a P/E ratio of 17.30 and a beta of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. Caleres’s dividend payout ratio is currently 12.96%.
In other news, CEO Diane M. Sullivan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total value of $765,600.00. Following the transaction, the chief executive officer now directly owns 473,534 shares in the company, valued at approximately $18,126,881.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Koch sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the insider now owns 97,501 shares in the company, valued at $3,705,038. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.
CAL has been the topic of a number of recent research reports. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, May 8th. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Caleres in a research report on Thursday, June 28th. Loop Capital initiated coverage on Caleres in a research report on Thursday, June 7th. They issued a “hold” rating and a $37.00 price objective on the stock. Finally, Macquarie increased their price objective on Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.50.
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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