Caleres (NYSE:CAL) issued its quarterly earnings data on Thursday. The textile maker reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07), RTT News reports. The company had revenue of $720.26 million for the quarter, compared to analyst estimates of $738.12 million. Caleres had a net margin of 3.21% and a return on equity of 13.58%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Caleres updated its FY 2019 guidance to $2.45-2.55 EPS and its FY20 guidance to $2.45-2.55 EPS.
CAL traded down $0.07 during midday trading on Thursday, reaching $25.75. The company’s stock had a trading volume of 1,054,056 shares, compared to its average volume of 391,442. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.92 and a beta of 0.76. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.26. Caleres has a twelve month low of $25.48 and a twelve month high of $41.09.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 26th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, March 25th. Caleres’s dividend payout ratio (DPR) is currently 12.96%.
In other Caleres news, insider Daniel R. Freidman sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the insider now owns 74,046 shares of the company’s stock, valued at approximately $2,221,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.60% of the company’s stock.
CAL has been the topic of a number of analyst reports. Loop Capital set a $30.00 price objective on Caleres and gave the company a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research lowered Caleres from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 27th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Caleres in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Caleres presently has a consensus rating of “Hold” and a consensus target price of $39.75.
Caleres announced that its board has initiated a share buyback plan on Friday, December 14th that allows the company to repurchase 2,500,000 outstanding shares. This repurchase authorization allows the textile maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
Featured Article: Cash Flow Analysis in Stock Selection
Receive News & Ratings for Caleres Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres and related companies with MarketBeat.com's FREE daily email newsletter.