Brokerages Anticipate Caleres Inc (CAL) Will Announce Quarterly Sales of $698.60 Million

Brokerages Anticipate Caleres Inc (CAL) Will Announce Quarterly Sales of $698.60 Million

Equities analysts predict that Caleres Inc (NYSE:CAL) will post $698.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Caleres’ earnings. The lowest sales estimate is $698.00 million and the highest is $699.20 million. Caleres reported sales of $639.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is scheduled to issue its next earnings results on Thursday, March 15th.

On average, analysts expect that Caleres will report full year sales of $698.60 million for the current financial year. For the next fiscal year, analysts anticipate that the firm will report sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Caleres.

Caleres (NYSE:CAL) last released its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The business had revenue of $774.66 million for the quarter, compared to analysts’ expectations of $785.75 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. Caleres’s revenue for the quarter was up 5.8% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. UBS Group lowered shares of Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares reiterated a “buy” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Friday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $32.00 target price 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 stock. Caleres has a consensus rating of “Buy” and an average price target of $33.17.

In related news, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard M. Ausick sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $33.45, for a total transaction of $334,500.00. Following the completion of the transaction, the insider now owns 90,834 shares of the company’s stock, valued at $3,038,397.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,100 shares of company stock valued at $2,144,427. 6.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management raised its holdings in Caleres by 5.1% in the 4th quarter. LSV Asset Management now owns 35,200 shares of the textile maker’s stock worth $1,178,000 after acquiring an additional 1,700 shares during the last quarter. American International Group Inc. raised its holdings in Caleres by 5.7% in the 3rd quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock worth $1,021,000 after acquiring an additional 1,800 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Caleres by 3.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 54,590 shares of the textile maker’s stock worth $1,828,000 after acquiring an additional 1,840 shares during the last quarter. Swiss National Bank raised its holdings in Caleres by 4.1% in the 4th quarter. Swiss National Bank now owns 73,200 shares of the textile maker’s stock worth $2,451,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Caleres by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 80,208 shares of the textile maker’s stock worth $2,229,000 after acquiring an additional 3,686 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Caleres (NYSE CAL) traded down $0.50 during mid-day trading on Tuesday, hitting $29.23. 273,785 shares of the stock traded hands, compared to its average volume of 299,252. Caleres has a 1 year low of $22.39 and a 1 year high of $34.34. The stock has a market capitalization of $1,256.28, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29.

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About Caleres

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.

Get a free copy of the Zacks research report on Caleres (CAL)

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Earnings History and Estimates for Caleres (NYSE:CAL)

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Wall Street brokerages expect Caleres Inc (NYSE:CAL) to post sales of $698.60 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Caleres’ earnings. The lowest sales estimate is $698.00 million and the highest is $699.20 million. Caleres posted sales of $639.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to issue its next 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 year, analysts expect that the business will report sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Caleres.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The firm had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Wedbush restated an “outperform” rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Susquehanna Bancshares restated a “buy” rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, UBS Group downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Caleres presently has an average rating of “Buy” and an average target price of $33.17.

In other news, CEO Diane M. Sullivan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 609,578 shares in the company, valued at $20,725,652. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel R. Freidman sold 10,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $28.45, for a total transaction of $284,500.00. Following the transaction, the insider now owns 79,435 shares in the company, valued at $2,259,925.75. The disclosure for this sale can be found here. Insiders sold a total of 66,100 shares of company stock worth $2,144,427 over the last 90 days. Insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAL. Goldman Sachs Group Inc. boosted its stake in shares of Caleres by 190.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 666,980 shares of the textile maker’s stock valued at $22,330,000 after purchasing an additional 437,627 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of Caleres during the second quarter valued at approximately $11,807,000. Franklin Resources Inc. boosted its stake in shares of Caleres by 36.1% during the fourth quarter. Franklin Resources Inc. now owns 1,363,919 shares of the textile maker’s stock valued at $45,664,000 after purchasing an additional 361,832 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Caleres by 10.0% during the third quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock valued at $60,237,000 after purchasing an additional 178,870 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Caleres by 2.6% during the fourth quarter. BlackRock Inc. now owns 5,400,236 shares of the textile maker’s stock valued at $180,799,000 after purchasing an additional 138,483 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Caleres (NYSE CAL) traded down $0.50 during trading on Tuesday, reaching $29.23. 273,785 shares of the company were exchanged, compared to its average volume of 299,252. 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 stock has a market cap of $1,256.28, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.05 and a beta of 1.05.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Caleres Inc (CAL) Will Announce Quarterly Sales of $698.60 Million” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/18/brokerages-anticipate-caleres-inc-cal-will-announce-quarterly-sales-of-698-60-million.html.

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.

Get a free copy of the Zacks research report on Caleres (CAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Caleres (NYSE:CAL)

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