Caleres Inc (NYSE:CAL) – Investment analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of Caleres in a research report issued to clients and investors on Wednesday. Jefferies Group analyst R. Konik anticipates that the textile maker will post earnings per share of $0.52 for the quarter. Jefferies Group also issued estimates for Caleres’ Q4 2019 earnings at $0.48 EPS.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The firm had revenue of $702.50 million during the quarter, compared to analysts’ expectations of $695.61 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
A number of other research analysts have also recently commented on CAL. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Susquehanna Bancshares reissued a “buy” rating and set a $32.00 target price on shares of Caleres in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group cut shares of Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.83.
Caleres (NYSE:CAL) traded up $0.57 during midday trading on Friday, reaching $31.92. The company’s stock had a trading volume of 213,123 shares, compared to its average volume of 315,063. The company has a quick ratio of 0.49, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. Caleres has a 12-month low of $22.39 and a 12-month high of $34.34. The company has a market capitalization of $1,382.64, a PE ratio of 15.67, a PEG ratio of 1.18 and a beta of 1.07.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Caleres by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,400,236 shares of the textile maker’s stock worth $180,799,000 after purchasing an additional 138,483 shares during the period. Dimensional Fund Advisors LP lifted its stake in Caleres by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 3,626,003 shares of the textile maker’s stock worth $110,666,000 after purchasing an additional 37,987 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Caleres by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,988,467 shares of the textile maker’s stock worth $66,574,000 after purchasing an additional 14,759 shares during the last quarter. Franklin Resources Inc. lifted its stake in Caleres by 36.1% in the fourth quarter. Franklin Resources Inc. now owns 1,363,919 shares of the textile maker’s stock worth $45,664,000 after purchasing an additional 361,832 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Caleres by 190.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 666,980 shares of the textile maker’s stock worth $22,330,000 after purchasing an additional 437,627 shares during the last quarter. 89.68% of the stock is currently owned by institutional investors.
In related news, insider Richard M. Ausick sold 10,000 shares of Caleres stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total value of $334,500.00. Following the sale, the insider now owns 90,834 shares of the company’s stock, valued at approximately $3,038,397.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 15,000 shares of Caleres stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $34.00, for a total transaction of $510,000.00. Following the completion of the sale, the chief executive officer now directly owns 609,578 shares in the company, valued at approximately $20,725,652. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,000 shares of company stock worth $1,294,350. Insiders own 6.20% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.88%. Caleres’s dividend payout ratio is currently 13.79%.
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Caleres, 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. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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