Brokerages expect Caleres, Inc. (NYSE:CAL – Get Rating) to post $675.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Caleres’ earnings. The highest sales estimate is $688.00 million and the lowest is $662.00 million. Caleres reported sales of $638.64 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Caleres will report full-year sales of $2.89 billion for the current financial year. For the next year, analysts expect that the company will post sales of $2.97 billion, with estimates ranging from $2.92 billion to $3.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Caleres.
Caleres (NYSE:CAL – Get Rating) last released its quarterly earnings results on Tuesday, March 15th. The textile maker reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.24. The company had revenue of $679.28 million for the quarter, compared to analyst estimates of $680.15 million. Caleres had a net margin of 4.93% and a return on equity of 61.12%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share.
Shares of NYSE CAL opened at $22.47 on Tuesday. The company’s 50-day simple moving average is $20.66 and its 200-day simple moving average is $22.62. Caleres has a 52-week low of $17.82 and a 52-week high of $29.36. The firm has a market cap of $853.19 million, a price-to-earnings ratio of 6.33 and a beta of 2.39.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Thursday, March 24th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, March 23rd. Caleres’s dividend payout ratio is currently 7.89%.
In other news, Director Carla C. Hendra sold 3,261 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $20.74, for a total value of $67,633.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Todd E. Hasty bought 2,500 shares of Caleres stock in a transaction on Thursday, March 17th. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $52,500.00. The disclosure for this purchase can be found here. Company insiders own 4.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Caleres during the fourth quarter worth about $27,000. CWM LLC purchased a new stake in shares of Caleres in the 4th quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Caleres in the 4th quarter valued at approximately $52,000. Meeder Asset Management Inc. raised its stake in shares of Caleres by 58.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,189 shares of the textile maker’s stock valued at $93,000 after acquiring an additional 1,537 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in shares of Caleres by 25.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 7,950 shares of the textile maker’s stock valued at $175,000 after acquiring an additional 1,622 shares during the period. 82.62% of the stock is currently owned by institutional investors.
About Caleres (Get Rating)
Caleres, Inc engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.
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