Caleres Inc. (CAL) Trading Up 6%
Caleres Inc. (NYSE:CAL)’s share price was up 6% during mid-day trading on Wednesday . The stock traded as high as $26.64 and last traded at $25.72, with a volume of 1,226,622 shares traded. The stock had previously closed at $24.26.
Several equities analysts have recently issued reports on CAL shares. Zacks Investment Research raised Caleres from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Jefferies Group lowered their price target on Caleres from $30.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, May 27th. BB&T Corp. raised Caleres from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, May 27th. Susquehanna lowered their price target on Caleres from $36.00 to $33.00 and set a “positive” rating for the company in a research report on Monday, May 16th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and issued a $30.00 price target on shares of Caleres in a research report on Friday, May 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.83.
The firm has a market capitalization of $1.11 billion and a P/E ratio of 14.047. The company has a 50 day moving average of $25.77 and a 200-day moving average of $25.65.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. During the same quarter last year, the firm earned $0.50 earnings per share. The firm earned $622.94 million during the quarter, compared to analyst estimates of $638.71 million. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts predict that Caleres Inc. will post $2.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, September 15th.
Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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