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 Price Performance
Shares of NYSE:CAL traded up $1.06 during mid-day trading on Wednesday, hitting $28.61. The company had a trading volume of 527,245 shares, compared to its average volume of 678,315. The firm has a fifty day moving average price of $26.96 and a 200 day moving average price of $23.91. The company has a market capitalization of $1.05 billion, a PE ratio of 6.07 and a beta of 1.88. Caleres has a one year low of $17.82 and a one year high of $29.94.
Caleres (NYSE:CAL - Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The textile maker reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.50. The company had revenue of $735.12 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts expect that Caleres will post 4.32 earnings per share for the current fiscal year.
Caleres Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th were paid a $0.07 dividend. The ex-dividend date was Thursday, June 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. Caleres's dividend payout ratio is currently 5.94%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Caleres to $32.00 in a research report on Wednesday, May 25th. Seaport Res Ptn restated a "buy" rating on shares of Caleres in a research report on Friday, June 24th. TheStreet upgraded shares of Caleres from a "c+" rating to a "b-" rating in a research report on Tuesday, May 24th. Finally, StockNews.com downgraded shares of Caleres from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 7th.
Insider Activity
In other news, CEO Diane M. Sullivan sold 35,915 shares of Caleres stock in a transaction 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 owns 621,446 shares in the company, valued at approximately $15,648,010.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caleres news, CEO Diane M. Sullivan sold 35,915 shares of the business's 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 in the company, valued at approximately $15,648,010.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel R. Freidman sold 6,000 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $26.61, for a total transaction of $159,660.00. Following the sale, the insider now owns 69,498 shares of the company's stock, valued at approximately $1,849,341.78. The disclosure for this sale can be found here. Insiders sold 91,038 shares of company stock worth $2,415,339 in the last quarter. 4.90% of the stock is owned by corporate insiders.
