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. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Crocs, Puma, Birkenstock, Asics, New Balance, Under Armour, Bearpaw, Timberland, and Sperry, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, Blowfish Malibu, LifeStride, Naturalizer, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men's apparel, leather goods, and accessories under the Allen Edmonds brand; Italian footwear Franco Sarto brand; women's shoe collection under the Vince brand; athletic footwear for women under the Rykä brand; and women's footwear under the Bzees brand, as well as Via Spiga brand. It operates approximately 1,086 retail stores. The company was formerly known as Brown Shoe Company, Inc. and changed its name to Caleres, Inc. in May 2015. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: caleres.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/3/2024 | $45.00 | Buy → Hold | Loop Capital |
| 2/7/2024 | Sector Weight | KeyBanc Capital Markets | |
| 5/25/2023 | $35.00 → $25.00 | Overweight → Neutral | Piper Sandler |
| 2/21/2023 | $26.00 → $35.00 | Neutral → Overweight | Piper Sandler |
| 10/25/2022 | $28.00 | Neutral | Piper Sandler |
| 6/24/2022 | $35.00 | Buy | Seaport Research Partners |
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, announced today that Nancy Bitetto has joined the company as senior vice president of New York brands, which include Franco Sarto, Vince, Veronica Beard, and private brand offerings. In this role, Bitetto will focus on accelerating growth and expanding profitability within the Caleres Brand Portfolio. She will report directly to Jay Schmidt, president and CEO of Caleres. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107578273/en/Caleres, a market-leading portfolio of consumer-driven footwear brands, announced that Nancy Bitetto has joined the
Deepica Mutyala and Lauren Chan lend their voices as the first women to join the collective Naturalizer, a lead brand in the Caleres (NYSE:CAL) portfolio, debuts its global inclusivity ambassador collective with founding members Deepica Mutyala and Lauren Chan. This collective propels the brand's nearly 100-year commitment to creating a more comfortable future for women by designing shoes to the contours of a woman's foot. Naturalizer continues its focus on representation and size access for every woman to feel seen in fashion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815878454/en/Deepica Mutyala, founder of Live Tint
Announces series of collaborations to commemorate significant milestone Dr. Scholl's Shoes, the American heritage footwear brand and a Caleres (NYSE:CAL) portfolio brand, celebrates 100 years of comfort and style. The always iconic brand invites consumers to join in the yearlong celebration of this milestone, kicking off today with the launch of the 100th Anniversary Collection followed by a series of collaboration drops throughout the year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240312297310/en/Dr. Scholl's Shoes Celebrates 100 Years of Iconic Fashion and Innovative Comfort (Photo: Business Wire) "Dr. Scholl's joins a
Caleres recognized for notable achievement with 60 percent female board representation Today, Caleres (NYSE:CAL) and Diane Sullivan were honored by the Women's Forum of New York at its annual Breakfast of Corporate Champions for achieving gender parity on its board. Caleres, which has a representation of 60 percent women on its board, was applauded as a corporate game changer that is making special efforts to advance women in the boardroom. Caleres was one of only 44 companies recognized out of the 240+ companies in attendance to have achieved or exceeded gender parity on its board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2
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Caleres, Inc. (NYSE:CAL) shares are trading lower on Thursday after the company reported first-quarter results. Quarterly earnings per share totaled 88 cents, missing the street view of 91 cents. Caleres reported first-quarter revenues of $659.198 million, missing the analyst consensus of $665.45 million. Caleres’ inventory in the quarter under review was down 5.2% year over year, due to strategic inventory management – primarily in the Brand Portfolio segment. Net sales were down 0.5% year over year. Operating earnings in the first quarter stood at $42.758 million, lower than $49.587 million in the year-ago period. Famous Footwear segment net sales increased by 0.1% in the quart
Caleres (NYSE:CAL) reported quarterly earnings of $0.88 per share which missed the analyst consensus estimate of $0.91 by 3.3 percent. This is a 9.28 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $659.20 million which missed the analyst consensus estimate of $665.45 million by 0.94 percent. This is a 0.53 percent decrease over sales of $662.73 million the same period last year.
The Nasdaq 100 closed higher by 1.65% on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Caleres The Trade: Caleres, Inc. (NYSE:CAL) Executive Chair Diane M Sullivan sold a total of 6,856 shares at an average price of $37.09
The Nasdaq 100 closed lower by around 150 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Docusign The Trade: Docusign Inc (NASDAQ:DOCU) Director Peter Solvik sold a total of 15,000 shares at an average price of $
Loop Capital analyst Laura Champine maintains Caleres (NYSE:CAL) with a Buy and raises the price target from $40 to $45.
Piper Sandler analyst Abbie Zvejnieks maintains Caleres (NYSE:CAL) with a Neutral and raises the price target from $30 to $35.
The CNN Money Fear and Greed index showed a slight increase in the overall market sentiment, but the index remained in the "Greed" zone on Tuesday. U.S. stocks closed higher on Tuesday as the Federal Reserve started its two-day policy meeting. The US central bank is scheduled to announce its policy decision on Tuesday. Caleres Inc (NYSE:CAL) reported upbeat fourth-quarter results. Comtech Telecommunications Corp. (NASDAQ:CMTL) shares dipped over 25% on Tuesday following weak quarterly results. On the economic data front, housing starts in the U.S. surged 10.7% month-over-month to an annualized rate of 1.521 million in February, following a 12.3% decline in January. U.S. building permits r
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Tuesday. The Dow traded up 0.63% to 39,034.59 while the NASDAQ rose 0.35% to 16,160.20. The S&P 500 also rose, gaining, 0.41% to 5,170.36. Check This Out: Nvidia To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday Leading and Lagging Sectors Energy shares rose by 1% on Tuesday. In trading on Tuesday, communication services shares fell by 0.2%. Top Headline Caleres Inc (NYSE:CAL) reported upbeat fourth-quarter results. Caleres reported fourth-quarter FY23 sales growth of 0.1% year-on-year to $697.12 million, beating the analyst consensus estimate o
Loop Capital downgraded Caleres from Buy to Hold and set a new price target of $45.00
KeyBanc Capital Markets initiated coverage of Caleres with a rating of Sector Weight
Piper Sandler downgraded Caleres from Overweight to Neutral and set a new price target of $25.00 from $35.00 previously
Piper Sandler upgraded Caleres from Neutral to Overweight and set a new price target of $35.00 from $26.00 previously
Piper Sandler initiated coverage of Caleres with a rating of Neutral and set a new price target of $28.00
Seaport Research Partners initiated coverage of Caleres with a rating of Buy and set a new price target of $35.00
CL King upgraded Caleres from Neutral to Buy and set a new price target of $29.00
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Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced its plans to release its third quarter 2024 financial results before the market opens on Thursday, Dec. 5, 2024. Company executives will host a conference call at 10 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible through
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240911641867/en/Sam Edelman Sylvia Knee High Boot (Photo: Business Wire) Reported Sales of $683.3 million, down 1.8% year-on-year; Famous Footwear sales increased 1.5% versus the second quarter of 2023 with a later than expected back- to-school season; Brand Portfolio sales declined 5.1% versus the second quarter of 2023 due to operational reporting challenges in connection with its SAP ERP implementation, and pockets of weak seasonal d
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on September 27, 2024, to shareholders of record as of September 13, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerc
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced its plans to release its second quarter 2024 financial results before the market opens on Thursday, Sept. 12, 2024. Company executives will host a conference call at 10 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible via
Achieved $0.88 in earnings per share, exceeding expectations Generated record first quarter consolidated gross margin of 47 percent Reiterates fiscal 2024 outlook of net sales flat to up 2 percent and earnings per share of $4.30 to $4.60 Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for first quarter 2024 and reaffirmed its guidance for fiscal 2024. "Caleres began 2024 in strong fashion, achieving earnings per share ahead of expectations, generating record first quarter consolidated gross margin, and making significant progress on our key strategic initiatives, all while investing for the long-term," said Jay
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on June 20, 2024 to shareholders of record as of June 5, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerce sites, and
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it plans to release its first quarter 2024 financial results before the market opens on Thursday, May 30. Company executives will host a conference call at 11:00 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible via the "I
Generates fourth quarter earnings per share of $1.57 and adjusted earnings per share of $0.86, up 32% year over year Achieves third consecutive year of adjusted earnings per share in excess of $4.00 baseline Delivers fourth quarter sales growth and record adjusted operating earnings in Brand Portfolio segment Reduces revolver borrowings by $40 million compared to third quarter 2023 and more than $125 million from fiscal 2022 Expects fiscal 2024 net sales to be flat to up 2 percent compared to fiscal 2023 Expects fiscal 2024 earnings per share of $4.30 to $4.60 Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial resul
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on April 12, 2024, to shareholders of record as of March 28, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerce sites,
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it plans to release its fourth quarter 2023 financial results before the market opens on Tuesday, March 19. Company executives will host a conference call at 10:00 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible via the
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, announced today that Nancy Bitetto has joined the company as senior vice president of New York brands, which include Franco Sarto, Vince, Veronica Beard, and private brand offerings. In this role, Bitetto will focus on accelerating growth and expanding profitability within the Caleres Brand Portfolio. She will report directly to Jay Schmidt, president and CEO of Caleres. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107578273/en/Caleres, a market-leading portfolio of consumer-driven footwear brands, announced that Nancy Bitetto has joined the
Caleres (NYSE:CAL) today announced the election of two new members to its board of directors, increasing its board size to twelve. Kyle Gendreau is currently chief executive officer and executive director of Samsonite International S.A., a leader in the global lifestyle bag industry and the world's largest travel luggage company. Under his leadership, Samsonite has driven growth through consumer-centric channel diversification, global expansion, and by acquiring and investing in a portfolio of brands. He has championed the company's sustainability initiatives and diversified its sourcing base. Prior to his appointment as CEO in 2018, he served as the company's chief financial officer where
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced its plans to release its third quarter 2024 financial results before the market opens on Thursday, Dec. 5, 2024. Company executives will host a conference call at 10 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible through
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240911641867/en/Sam Edelman Sylvia Knee High Boot (Photo: Business Wire) Reported Sales of $683.3 million, down 1.8% year-on-year; Famous Footwear sales increased 1.5% versus the second quarter of 2023 with a later than expected back- to-school season; Brand Portfolio sales declined 5.1% versus the second quarter of 2023 due to operational reporting challenges in connection with its SAP ERP implementation, and pockets of weak seasonal d
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on September 27, 2024, to shareholders of record as of September 13, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerc
A Testament to Over 100 Years of American Craftsmanship Allen Edmonds, a lead brand in the Caleres (NYSE:CAL) portfolio and the largest men's luxury shoe brand consistently handcrafting shoes in America, proudly announces the launch of The Reserve Collection. This exclusive capsule is the pinnacle expression of the art of American shoemaking and reflects Allen Edmond's commitment to quality and craftsmanship for over a century. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822306614/en/The highest quality, handcrafted American shoes ever made in Port Washington, Wisconsin - the Allen Edmonds Reserve Collection. Lensed by C
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced its plans to release its second quarter 2024 financial results before the market opens on Thursday, Sept. 12, 2024. Company executives will host a conference call at 10 a.m. Eastern time that day to discuss the quarterly results and provide a general business update. The dial-in number for North America is (877) 704-4453 or (201) 389-0920 for international participants, no passcode necessary. To participate, please dial in a few minutes before the scheduled conference call time. Caleres Associates, news media and the public are invited to listen to the call, which will also be accessible via
Deepica Mutyala and Lauren Chan lend their voices as the first women to join the collective Naturalizer, a lead brand in the Caleres (NYSE:CAL) portfolio, debuts its global inclusivity ambassador collective with founding members Deepica Mutyala and Lauren Chan. This collective propels the brand's nearly 100-year commitment to creating a more comfortable future for women by designing shoes to the contours of a woman's foot. Naturalizer continues its focus on representation and size access for every woman to feel seen in fashion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815878454/en/Deepica Mutyala, founder of Live Tint
Achieved $0.88 in earnings per share, exceeding expectations Generated record first quarter consolidated gross margin of 47 percent Reiterates fiscal 2024 outlook of net sales flat to up 2 percent and earnings per share of $4.30 to $4.60 Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for first quarter 2024 and reaffirmed its guidance for fiscal 2024. "Caleres began 2024 in strong fashion, achieving earnings per share ahead of expectations, generating record first quarter consolidated gross margin, and making significant progress on our key strategic initiatives, all while investing for the long-term," said Jay
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on June 20, 2024 to shareholders of record as of June 5, 2024. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. Our products are available virtually everywhere - in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerce sites, and
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