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 |
Reported fourth quarter sales of $639.2 million, down 8.3% year-on-year, and full-year sales of $2,722.7 million, down 3.4% year-on-year and in line with our most recent guidance; Reported fourth quarter and full year earnings per diluted share of $0.15 and $3.09, respectively, and fourth quarter and full year adjusted earnings per diluted share of $0.33 and $3.30, respectively, at the high end of our most recent guidance; Returned $74.7 million to shareholders in fiscal 2024 through share repurchases and quarterly dividends; Now expects 75% of our Brand Portfolio, and an even greater percentage of our Lead Brands' sourcing to be outside of China by the second half of 2025 Expects
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 11, 2025, to shareholders of record as of March 27, 2025. 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, Allen Edmonds, Sam Edelman, Naturalizer, Vionic, and more. 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 15 branded e-commerce
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, will release its fourth quarter and year-end 2024 financial results before market open on Thursday, March 20, 2025. Following the announcement, company executives will host a conference call at 10 a.m. Eastern Time to discuss the results and provide a general business update. The earnings release was originally scheduled for March 19. However, the company has rescheduled to accommodate leadership participation in Nordstrom's Partners in Excellence Award event. Investors, Caleres associates, media, and the public are invited to join the call. Participants in North America can dial (877) 704-4453, while inter
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands, today announced that it entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, for $105 million in cash, subject to customary adjustments. "Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity, and craftsmanship of our organization over the last decade," said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. "Importantly, as diligent stewards of our portfolio and disciplined allocators of capital, this transaction ensures that all our brands are positio
Advances Caleres' Strategic Objectives in Brand Portfolio Segment Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands, for $105 million, subject to customary adjustments. The acquisition cements Caleres' leadership position in women's fashion footwear, particularly in the contemporary segment of the market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250219641073/en/(Photo: Business Wire) "I have long admired Stuart Weitzman for the br
Collection launches in Fall 2025 Caleres (NYSE:CAL) and Favorite Daughter today announced an exclusive license agreement for Favorite Daughter's first shoe line. Caleres will exclusively produce the brand's women's shoes starting with the Fall 2025 season. The partnership follows a collaboration between Caleres portfolio brand, Dr. Scholl's, and Favorite Daughter dropping in May 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212534573/en/Erin and Sara Foster of Favorite Daughter (Photo Credit: Jenny Gage and Tom Betterman) Centric Brands, which co-owns the brand in a joint venture with Erin and Sara Foster, is working
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today announced Brian Costello has joined Famous Footwear as chief merchandising officer. In this role, he will oversee all buying and merchandising, including women's, men's and kids' athletic and fashion footwear and accessories, for the brand's U.S. and Canada stores and e-commerce sites. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250203726521/en/Brian Costello Joins Caleres as Famous Footwear's Chief Merchandising Officer (Photo: Business Wire) "Brian has a long track record of exceptional fashion and footwear industry leadership," said Mi
Caleres, (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today updated its financial outlook for consolidated sales, earnings per share and adjusted earnings per share for full year 2024. "We entered the holiday period encouraged by the broad positive momentum in our athletic business at Famous Footwear. However, sales trends softened in mid-December and into January, and were below our expectations. Based on quarter-to-date trends, including the impact of weather-related closures at Famous Footwear, we now anticipate that full year sales and earnings will be below our most recent guidance," said Jay Schmidt, President and Chief Executive Officer. "As we look ah
Caleres (NYSE:CAL) today announced that members of its executive leadership team will participate in the ICR Conference 2025 beginning Jan. 13, 2025, in Orlando, Florida. Jay Schmidt, president and chief executive officer, and Jack Calandra, senior vice president and chief financial officer, will host a fireside chat on Tuesday, Jan. 14 at 10:30 a.m. EST. Investors, analysts, and media can access a live webcast of the fireside chat via the Investors section of the Caleres website at https://investor.caleres.com/events-and-presentations. An online archive will be available on the site following the event. About Caleres Caleres is a market-leading portfolio of global footwear brands t
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 January 10, 2025, to shareholders of record as of December 27, 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 s
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
4 - CALERES INC (0000014707) (Issuer)
4 - CALERES INC (0000014707) (Issuer)
4 - CALERES INC (0000014707) (Issuer)
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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
Reported fourth quarter sales of $639.2 million, down 8.3% year-on-year, and full-year sales of $2,722.7 million, down 3.4% year-on-year and in line with our most recent guidance; Reported fourth quarter and full year earnings per diluted share of $0.15 and $3.09, respectively, and fourth quarter and full year adjusted earnings per diluted share of $0.33 and $3.30, respectively, at the high end of our most recent guidance; Returned $74.7 million to shareholders in fiscal 2024 through share repurchases and quarterly dividends; Now expects 75% of our Brand Portfolio, and an even greater percentage of our Lead Brands' sourcing to be outside of China by the second half of 2025 Expects
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 11, 2025, to shareholders of record as of March 27, 2025. 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, Allen Edmonds, Sam Edelman, Naturalizer, Vionic, and more. 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 15 branded e-commerce
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, will release its fourth quarter and year-end 2024 financial results before market open on Thursday, March 20, 2025. Following the announcement, company executives will host a conference call at 10 a.m. Eastern Time to discuss the results and provide a general business update. The earnings release was originally scheduled for March 19. However, the company has rescheduled to accommodate leadership participation in Nordstrom's Partners in Excellence Award event. Investors, Caleres associates, media, and the public are invited to join the call. Participants in North America can dial (877) 704-4453, while inter
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 January 10, 2025, to shareholders of record as of December 27, 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 s
Caleres (NYSE:CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the third quarter 2024. Reported sales of $740.9 million, down 2.8% year-on-year; Famous Footwear sales declined 4.8% versus the third quarter of 2023 with comparable store sales up 2.5%; Brand Portfolio sales increased 0.7% versus the third quarter of 2023; Third quarter consolidated gross margin rate of 44.1%, down 55 basis points year-on-year; Reported earnings per diluted share of $1.19 and adjusted earnings per diluted share of $1.23 for the third quarter, below expectations; Generated third quarter EBITDA of $71.4 million; Fiscal 2024 outlook o
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
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