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, hitting $29.69. 404,874 shares of the company's stock were exchanged, compared to its average volume of 597,099. The firm has a 50 day moving average price of $27.00 and a two-hundred day moving average price of $23.99. Caleres has a 12-month low of $17.82 and a 12-month high of $30.12. The stock has a market cap of $1.09 billion, a P/E ratio of 6.30 and a beta of 1.88.

Caleres (NYSE:CAL - Get Rating) last released its 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. The company had revenue of $735.12 million during 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 for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Sell-side analysts expect that Caleres will post 4.32 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors 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 0.94%. The ex-dividend date of this dividend was Thursday, June 9th. Caleres's dividend payout ratio (DPR) is 5.94%.

Analysts Set New Price Targets

CAL has been the subject of several recent research reports. Telsey Advisory Group boosted their price target on shares of Caleres to $32.00 in a report on Wednesday, May 25th. TheStreet upgraded Caleres from a "c+" rating to a "b-" rating in a report on Tuesday, May 24th. Seaport Res Ptn reiterated a "buy" rating on shares of Caleres in a research note on Friday, June 24th. Finally, StockNews.com cut shares of Caleres from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 7th.

Insider Activity at Caleres

In other Caleres news, CEO Diane M. Sullivan sold 35,915 shares of Caleres stock in a transaction that occurred 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 directly owns 621,446 shares in the company, valued at approximately $15,648,010.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Caleres news, CEO Diane M. Sullivan sold 35,915 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel R. Freidman sold 5,000 shares of Caleres stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $29.00, for a total value of $145,000.00. Following 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 have sold a total of 96,163 shares of company stock worth $2,563,964 over the last quarter. Insiders own 4.90% of the company's stock.