Wall Street brokerages forecast that Caleres Inc (NYSE:CAL) will report earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Caleres’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.41. Caleres posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings report on Thursday, March 15th.
According to Zacks, analysts expect that Caleres will report full-year earnings of $2.12 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.15. For the next financial year, analysts forecast that the business will post earnings of $2.52 per share, with EPS estimates ranging from $2.40 to $2.66. Zacks’ EPS calculations are an average based on a survey of research firms that follow Caleres.
A number of brokerages have issued reports on CAL. UBS Group lowered Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, February 2nd. ValuEngine downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Susquehanna Bancshares reissued a “neutral” rating and set a $33.00 price objective (up previously from $32.00) on shares of Caleres in a report on Tuesday, January 23rd. Finally, Wedbush reissued an “outperform” rating and set a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.17.
In other Caleres news, insider Richard M. Ausick sold 10,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were 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 approximately $3,038,397.30. The transaction was disclosed in a legal 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 stock in a transaction dated 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 have sold a total of 66,100 shares of company stock valued at $2,144,427 in the last three months. Insiders own 6.20% of the company’s stock.
Several large investors have recently made changes to their positions in CAL. Mosaic Family Wealth LLC bought a new position in shares of Caleres in the 4th quarter valued at about $140,000. YorkBridge Wealth Partners LLC bought a new position in shares of Caleres in the 3rd quarter valued at about $183,000. Xact Kapitalforvaltning AB bought a new position in shares of Caleres in the 4th quarter valued at about $201,000. Amalgamated Bank bought a new position in shares of Caleres in the 4th quarter valued at about $204,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Caleres in the 4th quarter valued at about $234,000. 83.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Caleres (NYSE:CAL) traded down $1.34 during mid-day trading on Tuesday, reaching $28.45. The company’s stock had a trading volume of 269,736 shares, compared to its average volume of 281,716. Caleres has a 1-year low of $22.39 and a 1-year high of $34.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. The stock has a market cap of $1,246.40, a price-to-earnings ratio of 20.32, a PEG ratio of 1.05 and a beta of 1.05.
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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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