Caleres Inc (NYSE:CAL) – Stock analysts at Jefferies Group issued their Q1 2019 EPS estimates for Caleres in a research note issued 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.
Other equities analysts also recently issued reports about the stock. Buckingham Research reiterated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Caleres in a report on Wednesday. Zacks Investment Research downgraded shares of Caleres from a “hold” rating to a “sell” rating in a report on Monday, March 12th. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wedbush reiterated an “outperform” rating and issued a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Finally, UBS downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.83.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the company. Mosaic Family Wealth LLC acquired a new position in shares of Caleres during the fourth quarter valued at about $140,000. Xact Kapitalforvaltning AB acquired a new position in shares of Caleres during the fourth quarter valued at about $201,000. Amalgamated Bank acquired a new position in shares of Caleres during the fourth quarter valued at about $204,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Caleres during the fourth quarter valued at about $234,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Caleres by 440.0% during the third quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock valued at $316,000 after acquiring an additional 8,443 shares in the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.
In other news, insider Richard M. Ausick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total transaction of $334,500.00. Following the transaction, the insider now owns 90,834 shares in the company, valued at $3,038,397.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Diane M. Sullivan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now 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 90 days, insiders have sold 40,000 shares of company stock worth $1,294,350. Corporate 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 issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. Caleres’s dividend payout ratio is presently 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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