Q3 2023 EPS Estimates for Caleres, Inc. Increased by Analyst (NYSE:CAL)

Caleres, Inc. (NYSE:CALGet Rating) – Research analysts at Seaport Res Ptn increased their Q3 2023 earnings per share estimates for shares of Caleres in a report issued on Thursday, November 17th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $1.15 per share for the quarter, up from their prior forecast of $1.08. The consensus estimate for Caleres’ current full-year earnings is $4.28 per share. Seaport Res Ptn also issued estimates for Caleres’ Q4 2023 earnings at $0.49 EPS.

A number of other brokerages have also recently issued reports on CAL. Piper Sandler began coverage on shares of Caleres in a research report on Tuesday, October 25th. They issued a “neutral” rating and a $28.00 target price for the company. StockNews.com began coverage on Caleres in a research note on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet downgraded Caleres from a “b-” rating to a “c” rating in a research note on Friday, August 26th. Finally, CL King reduced their price target on Caleres from $37.00 to $35.00 in a report on Thursday.

Caleres Price Performance

Shares of Caleres stock opened at $27.62 on Monday. The business has a fifty day simple moving average of $25.82 and a two-hundred day simple moving average of $26.38. Caleres has a 1 year low of $17.82 and a 1 year high of $31.13. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.39 and a beta of 1.76.

Caleres (NYSE:CALGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The textile maker reported $1.38 EPS for the quarter, beating the consensus estimate of $1.32 by $0.06. Caleres had a return on equity of 57.75% and a net margin of 6.65%. The company had revenue of $738.33 million during the quarter, compared to the consensus estimate of $736.05 million. During the same quarter in the prior year, the firm posted $1.19 EPS.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, September 8th. Caleres’s dividend payout ratio is presently 5.47%.

Insider Activity

In other news, CEO Diane M. Sullivan sold 6,500 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $27.52, for a total transaction of $178,880.00. Following the completion of the transaction, the chief executive officer now owns 208,736 shares in the company, valued at approximately $5,744,414.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Diane M. Sullivan sold 6,500 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $27.52, for a total transaction of $178,880.00. Following the transaction, the chief executive officer now directly owns 208,736 shares of the company’s stock, valued at approximately $5,744,414.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Diane M. Sullivan sold 7,700 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $26.93, for a total value of $207,361.00. Following the transaction, the chief executive officer now directly owns 182,676 shares in the company, valued at $4,919,464.68. The disclosure for this sale can be found here. Insiders sold a total of 25,520 shares of company stock valued at $692,710 in the last ninety days. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Caleres

Hedge funds have recently made changes to their positions in the company. Versor Investments LP bought a new stake in Caleres during the first quarter valued at about $376,000. Victory Capital Management Inc. increased its holdings in Caleres by 70.8% during the 1st quarter. Victory Capital Management Inc. now owns 36,658 shares of the textile maker’s stock worth $841,000 after purchasing an additional 15,190 shares during the period. ClariVest Asset Management LLC increased its holdings in Caleres by 4.9% during the 1st quarter. ClariVest Asset Management LLC now owns 42,700 shares of the textile maker’s stock worth $826,000 after purchasing an additional 2,000 shares during the period. Royce & Associates LP boosted its position in Caleres by 33.4% during the 1st quarter. Royce & Associates LP now owns 441,846 shares of the textile maker’s stock valued at $8,541,000 after acquiring an additional 110,600 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Caleres by 213.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 67,279 shares of the textile maker’s stock valued at $1,301,000 after acquiring an additional 45,800 shares in the last quarter. 86.70% of the stock is currently owned by institutional investors.

Caleres Company Profile

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Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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