Caleres (NYSE:CAL) Releases FY 2021 Earnings Guidance

Caleres (NYSE:CAL) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.800-$3.900 for the period, compared to the Thomson Reuters consensus estimate of $3.400. The company issued revenue guidance of -.

CAL traded down $0.43 during trading hours on Thursday, reaching $27.37. 484,438 shares of the stock traded hands, compared to its average volume of 524,326. The firm’s fifty day simple moving average is $24.26 and its two-hundred day simple moving average is $24.85. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 48.88 and a beta of 2.59. Caleres has a fifty-two week low of $11.17 and a fifty-two week high of $29.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.81 and a quick ratio of 0.30.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, November 18th. The textile maker reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.44. The company had revenue of $784.20 million during the quarter, compared to analyst estimates of $753.68 million. Caleres had a net margin of 0.98% and a return on equity of 54.74%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, research analysts predict that Caleres will post 3.85 earnings per share for the current year.

CAL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Caleres from a hold rating to a buy rating and set a $30.00 price objective for the company in a report on Monday. Loop Capital raised their price objective on shares of Caleres from $35.00 to $40.00 and gave the stock a buy rating in a report on Friday, November 19th.

In other Caleres news, CFO Ken Hannah sold 10,000 shares of Caleres stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $22.51, for a total value of $225,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 18,392 shares of the business’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $27.55, for a total transaction of $506,699.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,924 shares of company stock worth $2,647,722. Insiders own 4.80% of the company’s stock.

An institutional investor recently raised its position in Caleres stock. Morgan Stanley lifted its position in Caleres, Inc. (NYSE:CAL) by 117.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,368 shares of the textile maker’s stock after buying an additional 186,442 shares during the quarter. Morgan Stanley owned about 0.90% of Caleres worth $9,424,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 83.45% of the company’s stock.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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