According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reissued a hold rating and set a $30.00 target price on shares of Caleres in a research report on Wednesday, September 7th. BB&T Corp. raised shares of Caleres from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Friday, May 27th. Susquehanna began coverage on shares of Caleres in a research report on Friday, September 16th. They set a neutral rating and a $25.00 target price on the stock. Sterne Agee CRT reissued a buy rating and set a $30.00 target price on shares of Caleres in a research report on Friday, May 27th. Finally, Jefferies Group dropped their target price on shares of Caleres from $30.00 to $24.00 and set a hold rating on the stock in a research report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $27.67.
Shares of Caleres (NYSE:CAL) opened at 25.57 on Friday. The firm has a market cap of $1.10 billion, a P/E ratio of 13.53 and a beta of 0.89. The company’s 50-day moving average price is $25.16 and its 200-day moving average price is $25.35. Caleres has a 12 month low of $21.27 and a 12 month high of $32.01.
Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The company had revenue of $622.94 million for the quarter, compared to analyst estimates of $638.71 million. Caleres had a net margin of 3.26% and a return on equity of 13.87%. Caleres’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, analysts predict that Caleres will post $0.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.10%. Caleres’s dividend payout ratio (DPR) is presently 14.66%.
Several large investors have recently bought and sold shares of CAL. Bogle Investment Management L P DE bought a new stake in Caleres during the first quarter worth approximately $1,469,000. Zebra Capital Management LLC raised its position in Caleres by 95.7% in the first quarter. Zebra Capital Management LLC now owns 28,821 shares of the company’s stock worth $815,000 after buying an additional 14,096 shares in the last quarter. Menta Capital LLC raised its position in Caleres by 43.4% in the first quarter. Menta Capital LLC now owns 22,788 shares of the company’s stock worth $645,000 after buying an additional 6,900 shares in the last quarter. Royce & Associates LP raised its position in Caleres by 1,407.6% in the first quarter. Royce & Associates LP now owns 194,478 shares of the company’s stock worth $5,502,000 after buying an additional 181,578 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its position in Caleres by 77.0% in the first quarter. Landscape Capital Management L.L.C. now owns 26,897 shares of the company’s stock worth $761,000 after buying an additional 11,697 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, Inc, is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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