Caleres (NYSE:CAL) Issues Earnings Results, Misses Estimates By $0.15 EPS

Caleres (NYSE:CAL - Get Free Report) posted its quarterly earnings data on Thursday. The textile maker reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15), Briefing.com reports. The company had revenue of $614.22 million for the quarter, compared to analysts' expectations of $622.93 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm's revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share.

Caleres Price Performance

Shares of CAL stock traded up $0.05 during trading hours on Friday, reaching $13.43. 1,812,824 shares of the company's stock were exchanged, compared to its average volume of 797,278. The company has a market cap of $451.41 million, a P/E ratio of 2.99 and a beta of 1.11. The company's 50 day moving average is $16.02 and its two-hundred day moving average is $19.69. Caleres has a 1 year low of $13.14 and a 1 year high of $44.51.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, June 5th. Caleres's dividend payout ratio (DPR) is 9.12%.

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their target price on Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday.

Insider Transactions at Caleres

In other news, Director Lori Greeley acquired 9,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $177,700. This trade represents a 900.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On Caleres

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Caleres by 143.2% during the first quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker's stock worth $1,560,000 after buying an additional 53,320 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Caleres by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker's stock worth $1,812,000 after purchasing an additional 4,175 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Caleres by 4.2% during the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker's stock worth $2,805,000 after purchasing an additional 6,502 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.