Caleres, Inc. (NYSE:CAL) – Stock analysts at Wedbush reduced their FY2018 earnings per share (EPS) estimates for shares of Caleres in a research report issued on Wednesday. Wedbush analyst C. Svezia now expects that the textile maker will earn $2.15 per share for the year, down from their prior forecast of $2.19. Wedbush currently has a “Outperform” rating and a $32.00 target price on the stock. Wedbush also issued estimates for Caleres’ Q4 2018 earnings at $0.47 EPS and FY2019 earnings at $2.42 EPS.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.86%. The company had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. During the same period in the previous year, the company posted $0.81 EPS. Caleres’s quarterly revenue was up 5.8% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Caleres, Inc. (CAL) Forecasted to Earn FY2018 Earnings of $2.15 Per Share” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/11/23/caleres-inc-cal-forecasted-to-earn-fy2018-earnings-of-2-15-per-share.html.
CAL has been the topic of a number of other research reports. Zacks Investment Research lowered Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $31.00 target price on shares of Caleres in a research note on Tuesday, August 29th. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, TheStreet raised Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.17.
Caleres (NYSE:CAL) traded down $0.58 during mid-day trading on Thursday, reaching $30.41. The company had a trading volume of 1,128,700 shares, compared to its average volume of 341,219. Caleres has a 12-month low of $22.39 and a 12-month high of $36.61. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1,331.51, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.29 and a beta of 1.04.
In other Caleres news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the transaction, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its holdings in Caleres by 14.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock valued at $4,247,000 after acquiring an additional 19,341 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Caleres by 2.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock worth $25,310,000 after buying an additional 22,200 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Caleres during the 3rd quarter worth $3,684,000. Vanguard Group Inc. increased its holdings in shares of Caleres by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock worth $105,956,000 after buying an additional 30,772 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Caleres by 48.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 237,775 shares of the textile maker’s stock worth $6,605,000 after buying an additional 78,110 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.
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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