Caleres (NYSE:CAL) Releases Earnings Results, Misses Expectations By $0.37 EPS

Caleres (NYSE:CAL) posted its quarterly earnings data on Thursday. The textile maker reported $0.85 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.37), RTT News reports. Caleres had a net margin of 5.97% and a return on equity of 27.32%. The firm had revenue of $683.30 million during the quarter, compared to analysts’ expectations of $723.80 million. During the same quarter in the previous year, the company posted $0.98 EPS. Caleres’s revenue for the quarter was down 1.8% on a year-over-year basis.

Caleres Stock Performance

Shares of CAL opened at $31.81 on Friday. Caleres has a 52-week low of $24.71 and a 52-week high of $44.51. The stock’s 50-day simple moving average is $37.48 and its 200 day simple moving average is $36.87. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.74 and a beta of 1.93.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, September 13th. Caleres’s dividend payout ratio (DPR) is presently 5.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CAL. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital cut their target price on shares of Caleres from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday.

Insider Buying and Selling at Caleres

In other news, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now directly owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Diane M. Sullivan sold 19,764 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $33.66, for a total value of $665,256.24. Following the transaction, the insider now owns 173,816 shares of the company’s stock, valued at $5,850,646.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the sale, the insider now owns 150,449 shares in the company, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Insiders sold 42,181 shares of company stock valued at $1,447,208 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.