Caleres (NYSE:CAL) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Caleres (NYSE:CAL) released its quarterly earnings data on Thursday. The textile maker reported $0.22 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.15), Briefing.com reports. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $614.22 million for the quarter, compared to analysts’ expectations of $622.93 million. During the same period last year, the business earned $0.88 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis.

Caleres Stock Up 0.4%

Shares of Caleres stock opened at $13.43 on Friday. The stock’s fifty day moving average is $16.02 and its two-hundred day moving average is $19.69. The company has a market capitalization of $451.41 million, a PE ratio of 2.99 and a beta of 1.11. Caleres has a 52 week low of $13.14 and a 52 week high of $44.51.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.28 annualized dividend and a yield of 2.08%. Caleres’s payout ratio is presently 9.12%.

Insider Buying and Selling at Caleres

In other Caleres news, Director Lori Greeley acquired 9,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $177,700. The trade was a 900.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 4.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Caleres

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its position in shares of Caleres by 143.2% during the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after buying an additional 53,320 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Caleres by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock worth $1,812,000 after purchasing an additional 4,175 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock valued at $2,805,000 after buying an additional 6,502 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital decreased their price objective on Caleres from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Friday.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.