Caleres (CAL) Updates FY19 Earnings Guidance

Caleres (NYSE:CAL) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.45. The company issued revenue guidance of ~$2.8 billion, compared to the consensus revenue estimate of $2.84 billion.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Caleres from a hold rating to a sell rating in a research note on Monday. ValuEngine raised Caleres from a hold rating to a buy rating in a research note on Thursday, March 1st. Susquehanna Bancshares reissued a neutral rating and set a $33.00 price target (up from $32.00) on shares of Caleres in a research note on Tuesday, January 23rd. UBS Group lowered Caleres from a positive rating to a neutral rating in a research note on Tuesday, January 23rd. Finally, Wedbush reissued an outperform rating and set a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $32.40.

Shares of Caleres (NYSE CAL) opened at $29.09 on Wednesday. Caleres has a 12 month low of $22.39 and a 12 month high of $34.34. The company has a market capitalization of $1,220.61, a PE ratio of 14.13, a PEG ratio of 1.05 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The company had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. sell-side analysts anticipate that Caleres will post 2.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, March 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.96%. Caleres’s dividend payout ratio (DPR) is 20.00%.

In other news, CEO Diane M. Sullivan sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 609,578 shares in the company, valued at $20,725,652. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard M. Ausick sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $33.07, for a total value of $165,350.00. Following the transaction, the insider now owns 90,834 shares of the company’s stock, valued at $3,003,880.38. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $1,294,350 over the last 90 days. 6.20% of the stock is owned by corporate insiders.

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About Caleres

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.

Earnings History and Estimates for Caleres (NYSE:CAL)

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