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 Trading Up 4.0 %
Shares of CAL traded up $1.15 on Thursday, reaching $29.76. 908,310 shares of the company's stock were exchanged, compared to its average volume of 679,821. Caleres has a 12 month low of $17.82 and a 12 month high of $29.94. The stock has a market capitalization of $1.09 billion, a P/E ratio of 6.32 and a beta of 1.88. The business has a 50 day moving average price of $26.98 and a two-hundred day moving average price of $23.95.
Caleres (NYSE:CAL - Get Rating) last issued its earnings results on Tuesday, May 24th. The textile maker reported $1.32 EPS for the quarter, beating the consensus estimate of $0.82 by $0.50. Caleres had a net margin of 6.31% and a return on equity of 62.60%. The firm had revenue of $735.12 million during the quarter, compared to the consensus estimate of $677.28 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business's quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts predict that Caleres will post 4.32 EPS for the current year.
Caleres Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Friday, June 10th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, June 9th. Caleres's payout ratio is presently 5.94%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Caleres from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 7th. TheStreet raised shares of Caleres from a "c+" rating to a "b-" rating in a research note on Tuesday, May 24th. Telsey Advisory Group boosted their price target on shares of Caleres to $32.00 in a research note on Wednesday, May 25th. Finally, Seaport Res Ptn reissued a "buy" rating on shares of Caleres in a research note on Friday, June 24th.
Insider Buying and Selling at Caleres
In other news, CEO Diane M. Sullivan sold 35,915 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $25.18, for a total transaction of $904,339.70. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel R. Freidman sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $26.61, for a total value of $159,660.00. Following the sale, the insider now directly owns 69,498 shares in the company, valued at approximately $1,849,341.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 35,915 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $15,648,010.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,038 shares of company stock valued at $2,415,339. Corporate insiders own 4.90% of the company's stock.
