Caleres (NYSE:CAL) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.46. The company issued revenue guidance of $2.85 billion, compared to the consensus revenue estimate of $2.80 billion.Caleres also updated its FY 2018 guidance to $2.25-2.35 EPS.

Several research analysts have commented on the company. Loop Capital lowered their target price on Caleres to $30.00 and set a hold rating for the company in a research note on Wednesday. Zacks Investment Research downgraded Caleres from a buy rating to a hold rating in a research note on Tuesday, October 30th. ValuEngine downgraded Caleres from a buy rating to a hold rating in a research note on Tuesday. Wedbush upped their price objective on Caleres from $38.00 to $42.00 and gave the company an outperform rating in a research note on Wednesday, August 29th. Finally, Macquarie upped their price objective on Caleres from $38.00 to $42.00 and gave the company an outperform rating in a research note on Wednesday, September 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $38.33.

Caleres stock opened at $31.03 on Wednesday. Caleres has a 1 year low of $27.10 and a 1 year high of $41.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 0.53. The company has a market capitalization of $1.39 billion, a PE ratio of 14.37 and a beta of 0.94.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 20th. The textile maker reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.07). Caleres had a net margin of 3.39% and a return on equity of 13.94%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $765.00 million. During the same period in the prior year, the company earned $0.80 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Caleres will post 2.5 EPS for the current fiscal year.

In other Caleres news, CEO Diane M. Sullivan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total transaction of $765,600.00. Following the completion of the sale, the chief executive officer now owns 473,534 shares of the company’s stock, valued at approximately $18,126,881.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $37.33, for a total transaction of $373,300.00. Following the sale, the chief executive officer now directly owns 465,303 shares of the company’s stock, valued at approximately $17,369,760.99. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

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Caleres Company Profile

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.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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