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
NYSE:CAL traded down $0.05 during mid-day trading on Friday, hitting $26.31. 361,249 shares of the company's stock traded hands, compared to its average volume of 583,554. The company has a market cap of $966.63 million, a PE ratio of 5.59 and a beta of 1.88. The firm's 50 day simple moving average is $27.00 and its 200 day simple moving average is $23.80. Caleres has a 1 year low of $17.82 and a 1 year high of $29.94.
Caleres (NYSE:CAL - Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The textile maker reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.50. The firm had revenue of $735.12 million for the quarter, compared to analysts' expectations of $677.28 million. Caleres had a net margin of 6.31% and a return on equity of 62.60%. Caleres's revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. On average, research analysts expect that Caleres will post 4.32 earnings per share for the current fiscal year.
Caleres Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, June 9th. Caleres's dividend payout ratio (DPR) is 5.94%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Telsey Advisory Group upped their price objective on Caleres to $32.00 in a research report on Wednesday, May 25th. StockNews.com lowered shares of Caleres from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 7th. Seaport Res Ptn restated a "buy" rating on shares of Caleres in a research report on Friday, June 24th. Finally, TheStreet upgraded shares of Caleres from a "c+" rating to a "b-" rating in a report on Tuesday, May 24th.
Insider Buying and Selling
In other news, CEO Diane M. Sullivan sold 35,915 shares of the company's stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $25.18, for a total value of $904,339.70. Following the completion of the sale, the chief executive officer now directly owns 621,446 shares of the company's stock, valued at approximately $15,648,010.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Diane M. Sullivan sold 35,915 shares of the firm's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $25.18, for a total transaction of $904,339.70. Following the completion of the transaction, the chief executive officer now owns 621,446 shares of the company's stock, valued at $15,648,010.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carla C. Hendra sold 13,208 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $28.16, for a total transaction of $371,937.28. The disclosure for this sale can be found here. Insiders sold 91,038 shares of company stock valued at $2,415,339 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
