Caleres - CAL Stock Forecast, Price & News

Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Crocs, Puma, Birkenstock, New Balance, Asics, New Balance, Under Armour, Bearpaw, Timberland, Sperry, and Dr. Martens, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, Blowfish Malibu, LifeStride, Naturalizer, Zodiac, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, manufactures, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men's apparel, leather goods, and accessories under the Allen Edmonds brand; footwear for women under LifeStride brand; Italian footwear Franco Sarto brand; athletic footwear for women under the Rykä brand; women's shoe collection under the Vince brand; and women's footwear under the Bzees brand; other footwear under Zodiac brand; and women's footwear collection under Veronica Beard brand, as well as Via Spiga brand. It operates approximately 980 retail stores. The company was formerly known as Brown Shoe Company, Inc. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.

Caleres Stock Performance

CAL Stock traded down $0.07 on Friday, reaching $29.69. The company's stock had a trading volume of 404,874 shares, compared to its average volume of 678,036. The business has a fifty day simple moving average of $26.98 and a two-hundred day simple moving average of $23.95. Caleres has a 12-month low of $17.82 and a 12-month high of $30.12. The firm has a market cap of $1.09 billion, a PE ratio of 6.30 and a beta of 1.88.

Caleres (NYSE:CAL - Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The textile maker reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.50. Caleres had a return on equity of 62.60% and a net margin of 6.31%. The company had revenue of $735.12 million during the quarter, compared to analyst estimates of $677.28 million. During the same quarter last year, the firm posted $0.60 earnings per share. The firm's revenue was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Caleres will post 4.32 earnings per share for the current fiscal year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Friday, June 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, June 9th. Caleres's payout ratio is 5.94%.

Wall Street Analysts Forecast Growth

CAL has been the subject of a number of analyst reports. TheStreet raised Caleres from a "c+" rating to a "b-" rating in a research note on Tuesday, May 24th. Seaport Res Ptn reissued a "buy" rating on shares of Caleres in a research note on Friday, June 24th. Telsey Advisory Group increased their price objective on Caleres to $32.00 in a research note on Wednesday, May 25th. Finally, StockNews.com lowered Caleres from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 7th.

Insider Buying and Selling

In related news, Director Carla C. Hendra sold 13,208 shares of the firm's stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $28.16, for a total value of $371,937.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Caleres news, Director Carla C. Hendra sold 13,208 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $28.16, for a total value of $371,937.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel R. Freidman sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $29.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 58,498 shares of the company's stock, valued at approximately $1,696,442. The disclosure for this sale can be found here. Insiders sold 96,163 shares of company stock valued at $2,563,964 over the last quarter. 4.90% of the stock is owned by company insiders.