CAL - Caleres, Inc.
| Previous Close | 22.76 |
| Open | 22.73 |
| Bid | 22.18 x 800 |
| Ask | 22.15 x 800 |
| Day's Range | 21.77 - 22.73 |
| 52 Week Range | 14.30 - 32.28 |
| Volume | 401,345 |
| Avg. Volume | 443,314 |
| Market Cap | 901M |
| Beta (5Y Monthly) | 0.82 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.33 |
| Earnings Date | Nov 25, 2019 |
| Forward Dividend & Yield | 0.28 (1.23%) |
| Ex-Dividend Date | 2019-09-11 |
| 1y Target Est | 25.25 |
- Business Wire
Caleres Regular Quarterly Dividend
The quarterly dividend for Caleres (NYSE: CAL)(caleres.com) of $0.07 per share will be payable on January 9, 2020, to shareholders of record as of December 24, 2019.
- Insider Monkey
Is Caleres Inc (CAL) A Good Stock To Buy?
Is Caleres Inc (NYSE:CAL) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting […]
- Moody's
Caleres, Inc. -- Moody's changes Caleres' outlook to negative, affirms all ratings
Moody's Investors Service (Moody's) changed the ratings outlook for Caleres, Inc.'s (Caleres) to negative from stable. Concurrently, Moody's affirmed the company's Ba2 corporate family rating (CFR), Ba2-PD probability of default rating (PDR) and Ba3 senior unsecured notes rating.
- TipRanks
3 “Perfect 10” Stocks Poised to Surge in 2020
We are now in the last month of the decade, one which has seen the market rally to unprecedented heights. This year in particular, the S&P 500 has soared beyond expectations, and is on its way to its biggest yearly gain since 2013. The question on investors' minds is whether 2020 will see a continuation of the trend. Like anything else, when it comes to investing, there are no certainties, but we can try and mitigate the fear of the unknown by using the best tools at hand.TipRanks' Smart Score tool displays the "best stocks to buy" by collecting data from 8 key metrics and using the results to score the stocks accordingly - from 1, at the bottom, all the way up to a “perfect 10,” at the top.So, heading into the new decade we zoomed in on 3 stocks which apart from displaying Strong Buy status also rank up the higher echelons of the smart score chart. Let’s take a look.Caleres (CAL)The US-China trade war has wreaked havoc on all sorts of industries this year due to increased tariffs. The shoe industry has not been spared, either, as global footwear retailer, Caleres, can attest. The stock has vastly underperformed the market this year, slumping almost 20% overall.The recent third-quarter report was a mixed bag, too. The strong performance from Famous Footwear has contributed to record sales in the quarter, yet the increased tariffs weighed down on EPS, which came in at $0.78, and missed estimates by 5 cents. The company cut back its forecast for F2019 to reflect the impact of new tariffs.Nevertheless, 4-star Wedbush analyst Christopher Svezia is stepping up to call Caleres a buy: "CAL shares trade at a ~37% discount to historic levels, cheap for a stock with momentum building into a de-risked 4Q and another year of sales growth and margin expansion driving +LDD EPS gains for FY20.” The analyst further added, “CAL has significantly improved its op. model by divesting non-core assets and moving distribution towards premium channels while improving efficiencies, leading to higher-margin sales across much of its wholesale platform. There is room to drive more productive sales through speed to market capabilities, international growth, the launch of Veronica Beard in SP20 and more.“To this end, Svezia reiterated an Outperform rating on Caleres stock, along with a price target of $27, implying potential upside of 22% from today's closing price. (To watch Svezia’s track record, click here)Svezia isn't alone in his bullish take on Caleres' potential. The stock's "perfect 10" Smart Score indicates a "Strong Buy" analyst consensus, as well as increased hedge fund activity. (See Caleres’s stock analysis on TipRanks)Huya (HUYA)Talking of China, we move on to Guangzhou, which houses the headquarters of live streaming platform, Huya.The platform’s primary focus is gaming and esports, and in the last quarter alone it organized 110 e-Sports tournaments with over 500m viewers, as well as hosting 38 inhouse organized tournaments. The business is diversifying, though, with reality shows, musical performances, and animated content being added to the platform.The broadening of the company’s remit comes alongside international expansion. Huya currently has 17 million monthly active users outside China and has set its sights on 20 million by the end of the year. A driving force towards reaching this goal is the Huya owned Nimo TV, a Spanish language live streaming platform with markets predominantly in Latin America. There are half a billion Spanish speakers worldwide, a huge market for Nimo TV to tap into.Huya reported 3Q19 results with revenue and earnings ahead of consensus on better-than-anticipated live streaming and gross profit margins, and Jefferies’ Thomas Chong likes what he sees.The analyst opined, “Mid-point of 4Q19 revenue guidance is 5% and 11% ahead of consensus and our estimates… We believe the better-than-expected guidance is due stronger sequential growth in paying users, while the company is heading towards the goal of 150m domestic MAU (monthly active users). We see Huya as demonstrating strong execution in its domestic market with overseas expansion in the long run, thanks to its content diversification and localization strategies.”Accordingly, Chong maintained a Buy rating on the Chinese streamer, and increased his price target from $26.80 to $30. The target implies hefty potential upside of nearly 60%. (To watch Chong’s track record, click here)Huya's "perfect 10" score includes a “Strong Buy” consensus analyst rating alongside encouraging sentiment from bloggers and hedge funds. (See Huya's stock analysis on TipRanks)Zendesk (ZEN)Shares of customer service software maker Zendesk are up roughly 30% year-to-date. But not everything has been so glamorous for the stock, especially in the end of July. A disappointing Q2 report halted the upward curve, after which the share price fell sharply.The recent Q3 report was a mixed bag, too. While revenue grew year-over-year by 36%, there were diminishing returns from EMEA (Europe, the Middle East, and Africa) for the second quarter in a row on account of macro and sales implementation headwinds. Billings growth slowed down as well, dropping to 25% as opposed to 35% in the previous quarter.However, Piper Jaffray’s Brent Bracelin is not concerned, saying, “Despite mixed fundamentals over the last two quarters, we still view ZEN as a strategic cloud asset with a unique offering and customer base that sits squarely in an area where spending could increase materially in 2020.”Zendesk has been adding a set of complementary software products to its support ticketing system and customer service software, and these seem to be hitting the spot. Bracelin added, “Fortunately for ZEN, revenue growth has been resilient within the U.S. region accelerating to 41% vs. 38% last quarter driven by strong adoption of the Zendesk Suite and Duet bundles... Interest in Sunshine is high suggesting an even broader move up market could unfold if this product takes hold next year.”Bracelin assumed coverage on ZEN with an Overweight rating, alongside a price target of $94, which implies about 25% upside from current levels. (To watch Bracelin’s track record, click here)Overall, ZEN has received 10 “buy” and 2 "hold" ratings over the past three months. That, alongside encouraging sentiment from investors, bloggers and hedge funds, contributes to a "perfect 10" Smart Score for ZEN. (See Zendesk’s stock analysis on TipRanks)
- Thomson Reuters StreetEvents
Edited Transcript of CAL earnings conference call or presentation 25-Nov-19 9:30pm GMT
Q3 2019 Caleres Inc Earnings Call
- Zacks
Caleres Inc. (CAL) Lags Q3 Earnings and Revenue Estimates
Caleres Inc. (CAL) delivered earnings and revenue surprises of -3.70% and -3.91%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Caleres Reports Third Quarter 2019 Results
Caleres , a diverse portfolio of global footwear brands, today reported third quarter 2019 financial results.
- Zacks
Caleres Inc. (CAL) Earnings Expected to Grow: Should You Buy?
Caleres Inc. (CAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Imagine Owning Caleres (NYSE:CAL) And Wondering If The 28% Share Price Slide Is Justified
Caleres, Inc. (NYSE:CAL) shareholders will doubtless be very grateful to see the share price up 55% in the last...
- MarketWatch
Nike's break with Amazon benefits Famous Footwear and Shoe Carnival: Wedbush
Famous Footwear and Shoe Carnival Inc. benefit from Nike Inc.'s decision to stop selling on Amazon.com Inc. , Wedbush analysts say. Famous Footwear is part of the Caleres Inc. portfolio. "Nike sales are accelerating at both retailers as Famous Footwear should see positive Nike comps in Q3, with Shoe Carnival inflecting positive in Q4," Wedbush wrote. "Nike businesses and continued innovation from the brand into 2020 also drives further confidence in these retailer's ability to achieve at least positive low-single-digit comps in their FY20 as well. Finally, the Amazon decision significantly undermines a 'dying retail' investor concern relevant to Caleres and Shoe Carnival." Wedbush rates Caleres shares outperform with a $27 price target, and rates Shoe Carnival outperform with a $42 price target. Shares of Caleres are down 12.7% for the year to date, Shoe Carnival stock is up 8.7% and the S&P 500 index has rallied 24.2% for the period.
- Business Wire
Famous Footwear Opens Newest Flagship Store in New York City
Just in time for the busiest shopping period of the year, Caleres (CAL) announced the opening of a new Famous Footwear flagship store at 34th Street and Broadway in New York City on Friday, November 15. This will be the largest of the company’s 32 New York metro area stores. “Our customer is at the center of everything we do – always – so we spent a long time thinking about the store design and experience that would best serve our customer in this iconic Herald Square location,” said Molly Adams, president of Famous Footwear.
- Business Wire
Caleres Announces Third Quarter 2019 Earnings Call
Caleres (CAL) (caleres.com) today announced that it plans to release its third quarter 2019 financial results after market close on Monday, November 25, 2019. Company executives will host a financial analyst call at 4:30 p.m. ET that day to discuss third quarter results and provide a general business update. The dial-in number for financial analysts in North America is (877) 217-9089, or (706) 679-1723 for international analysts, and the conference ID is 5169032.
- TheStreet.com
You Could Call This Stock a 'Shoe' Thing
Caleres is a name few investors are aware of. Caleres is the new name for Brown Shoe, remember Buster Brown from your youth? The company distributes six of the top 25 brands of women's shoes through Famous Footwear, Naturalizer and other specialty stores.
- Insider Monkey
Did Hedge Funds Drop The Ball On Caleres Inc (CAL) ?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
- Zacks
Is Caleres Inc. (CAL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Business Wire
Famous Footwear Opens in Gurnee, Ill.
Caleres (CAL) announced today that it will open a new Famous Footwear Outlet store in Gurnee, Ill. The 4,600-square-foot store will open on Wednesday, Oct. 16 at Gurnee Mills at 6170 West Grand Ave. To celebrate the opening, the store is sharing that famous feeling by giving away a Year of Shoes to one lucky winner through an enter-to-win drawing every day from Oct. 16 through Nov. 16. “Our decision to open a new store in Gurnee was based on the opportunity we saw to serve consumers in this area who want to find shoes for the entire family with one convenient stop,” said president of Famous Footwear, Molly Adams. “Families deserve famous brands, the latest styles, and amazing customer service, all at a great value.
- Simply Wall St.
Is Caleres (NYSE:CAL) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- Zacks
Can Carter's Strategies Reverse Dismal Run on the Bourses?
Carter's (CRI) is witnessing dismal margins and high inventory levels. Nevertheless, the company is on track with its Retail Strategy and omni-channel efforts.
- MarketWatch
Insurance broker BRP Group to offer 16.4 million shares in IPO priced at $14 to $16 each
Insurance broker BRP Group Inc. set terms for its planned initial public offering on Friday, saying in a regulatory filing that it plans to offer 16.4 million shares priced at $14 to $16 each. The company would raise $262.40 million at the top of that range. The company has applied to list on Nasdaq, under the ticker symbol "BRP." JPMorgan and BofA Merrill Lynch are lead underwriters on the deal with Jefferies, Wells Fargo, Raymond James and Keefe Bruyette Woods acting as co-managers. Proceeds of the deal will be used to acquire LLC units from Baldwin Risk Partners, which will use those proceeds to pay down debt and for working capital.
- Business Wire
Caleres Updates Strategic Growth Plan and Financial Targets
Caleres (CAL), (caleres.com), a diverse portfolio of global footwear brands, is hosting today an Investor Day in New York City. Senior leaders of the company will discuss the company’s strategy to thrive in today’s dynamic global footwear market and deliver consistent, profitable and sustainable long-term growth to the benefit of its consumers, customers, employees and shareholders. “We are focused on building on the progress we have made over the last several years to position our portfolio to capture rapidly changing consumer preferences and enhance our capabilities to better service our customers,” said Diane Sullivan, CEO, President and Chairman of Caleres.
- Zacks
Should Value Investors Buy Caleres Inc. (CAL) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Business Wire
Famous Footwear Opens in Macon, Georgia
Famous Footwear announced today it is opening a new store in Macon, Georgia. The 5300 square foot store will open on Wednesday, October 2, at North Macon Promenade at 1625 Bass Road. “Our decision to open a new store in Macon was based on the opportunity we saw to serve consumers in this area who want to find shoes for the entire family with one convenient stop,” said president of Famous Footwear, Molly Adams.
