Caleres (CAL) Declares $0.07 Quarterly Dividend; 1.4% Yield

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Pre-Open 08/27: (CAL) (JILL) (MO) Higher (SJM) (PM) (RRGB) Lower (more...)

August 27, 2019 9:27 AM EDT

Pre-Open Movers:

Caleres (NYSE: CAL) 13% HIGHER; reported Q2 EPS of $0.61, $0.03 better than the analyst estimate of $0.58. Revenue for the quarter came in at $752.5 million versus the consensus estimate of $752.22 million. Positive same-store-sales of 1.5% at Famous Footwear.

J.Jill (NYSE: JILL) 12.5% HIGHER; reported Q2 EPS of ($0.05), $0.04 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $180.74 million versus the consensus estimate of $178.67 million. J.Jill sees Q3 2019 EPS of $0.10-$0.12, versus the consensus of... More

Caleres (CAL) Momentum Should Continue Through 4Q - Needham

August 27, 2019 7:20 AM EDT

Needham & Company analyst Rick Patel reiterated a Buy rating and $28.00 price target on Caleres (NYSE: CAL) after the company reported better than expected 2Q comps at Famous Footwear. An improving assortment, primarily from Nike, drove the upside and the trends that improved sequentially should continue... More