Brokerages forecast that Caleres, Inc. (NYSE:CAL) will report $787.80 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Caleres’ earnings, with the highest sales estimate coming in at $795.00 million and the lowest estimate coming in at $781.60 million. Caleres reported sales of $732.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 28th.
According to Zacks, analysts expect that Caleres will report full year sales of $787.80 million for the current fiscal year, with estimates ranging from $2.78 billion to $2.80 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.89 billion per share, with estimates ranging from $2.82 billion to $2.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Caleres.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis.
CAL has been the subject of several recent research reports. BidaskClub lowered shares of Caleres from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Caleres presently has a consensus rating of “Buy” and a consensus target price of $33.00.
Caleres (NYSE:CAL) opened at 30.23 on Monday. Caleres has a 52 week low of $22.39 and a 52 week high of $36.61. The firm’s 50 day moving average is $28.00 and its 200-day moving average is $27.08. The company has a market cap of $1.30 billion, a P/E ratio of 21.45 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.93%. Caleres’s dividend payout ratio (DPR) is presently 19.86%.
In related news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the transaction, the senior vice president now owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CAL. Alps Advisors Inc. grew its position in Caleres by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,613 shares of the textile maker’s stock worth $434,000 after purchasing an additional 41 shares during the last quarter. US Bancorp DE grew its position in Caleres by 0.5% during the 2nd quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock worth $285,000 after purchasing an additional 49 shares during the last quarter. Arizona State Retirement System grew its position in Caleres by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock worth $623,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund grew its position in Caleres by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock worth $873,000 after purchasing an additional 331 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Caleres by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,921 shares of the textile maker’s stock worth $2,164,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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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