Caleres, Inc. (CAL) Announces Quarterly Earnings Results
Caleres, Inc. (NYSE:CAL) released its earnings results on Monday. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03, Bloomberg Earnings reports. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The firm had revenue of $677 million for the quarter, compared to analyst estimates of $668.85 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.
Shares of Caleres (NYSE CAL) traded down 2.59% during mid-day trading on Tuesday, reaching $24.81. 1,049,535 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $26.13 and a 200 day moving average of $27.40. Caleres has a one year low of $22.39 and a one year high of $36.61. The firm has a market capitalization of $1.07 billion, a P/E ratio of 17.00 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a $0.07 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.13%. Caleres’s dividend payout ratio is currently 19.18%.
A number of research firms have recently weighed in on CAL. BidaskClub downgraded shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Susquehanna Bancshares Inc upgraded shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price on the stock in a research report on Tuesday, May 30th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Caleres presently has a consensus rating of “Buy” and an average price target of $31.40.
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Caleres Company Profile
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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