Caleres (NYSE:CAL) Issues Quarterly Earnings Results

Caleres (NYSE:CAL) posted its quarterly earnings results on Thursday. The textile maker reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.02, Briefing.com reports. Caleres had a net margin of 0.78% and a return on equity of 8.62%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS.

Caleres Stock Down 4.8%

NYSE:CAL opened at $8.81 on Thursday. Caleres has a 52 week low of $8.80 and a 52 week high of $18.27. The stock’s 50-day moving average price is $12.09 and its 200-day moving average price is $12.60. The stock has a market capitalization of $298.62 million, a PE ratio of 13.98 and a beta of 0.64.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, March 26th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.2%. Caleres’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CAL shares. Zacks Research raised Caleres from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Caleres has a consensus rating of “Reduce” and a consensus price target of $14.00.

Hedge Funds Weigh In On Caleres

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Caleres by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock valued at $151,000 after buying an additional 693 shares in the last quarter. Barclays PLC increased its holdings in Caleres by 1.0% in the 4th quarter. Barclays PLC now owns 90,762 shares of the textile maker’s stock worth $1,105,000 after acquiring an additional 926 shares in the last quarter. Franklin Resources Inc. increased its holdings in Caleres by 5.6% in the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after acquiring an additional 1,007 shares in the last quarter. Osaic Holdings Inc. raised its position in Caleres by 1,662.8% during the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,879 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Caleres by 5.8% during the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker’s stock valued at $427,000 after purchasing an additional 1,926 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.