Wall Street analysts predict that Caleres Inc (NYSE:CAL) will post sales of $698.60 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Caleres’ earnings. The highest sales estimate is $699.20 million and the lowest is $698.00 million. Caleres posted sales of $639.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.2%. The business is scheduled to report its next quarterly earnings results on Thursday, March 15th.
According to Zacks, analysts expect that Caleres will report full year sales of $698.60 million for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Caleres.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The company had revenue of $774.66 million for the quarter, compared to the consensus estimate of $785.75 million. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS.
CAL has been the topic of several analyst reports. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares reissued a “buy” rating and issued a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. UBS Group lowered shares of Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.33.
In other news, insider Richard M. Ausick sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total value of $334,500.00. Following the sale, the insider now owns 90,834 shares in the company, valued at approximately $3,038,397.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. Insiders sold a total of 56,100 shares of company stock worth $1,859,927 in the last 90 days. 6.20% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC acquired a new stake in shares of Caleres in the 3rd quarter valued at $183,000. Verition Fund Management LLC acquired a new stake in shares of Caleres in the 2nd quarter valued at $229,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Caleres in the 4th quarter valued at $234,000. Fox Run Management L.L.C. acquired a new stake in shares of Caleres in the 3rd quarter valued at $244,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Caleres by 440.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock valued at $316,000 after purchasing an additional 8,443 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.
Shares of Caleres (NYSE:CAL) traded down $0.22 during trading on Friday, reaching $29.42. 324,013 shares of the company’s stock traded hands, compared to its average volume of 246,990. The company has a market cap of $1,260.00, a price-to-earnings ratio of 21.01, a PEG ratio of 1.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. Caleres has a 12-month low of $22.39 and a 12-month high of $34.34.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.95%. Caleres’s dividend payout ratio is presently 20.00%.
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Caleres Company Profile
Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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