Caleres, Inc. (NYSE:CAL) Forecasted to Earn Q4 2023 Earnings of $0.46 Per Share

Caleres, Inc. (NYSE:CALGet Rating) – Seaport Res Ptn cut their Q4 2023 earnings per share (EPS) estimates for Caleres in a report issued on Tuesday, November 22nd. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.49. The consensus estimate for Caleres’ current full-year earnings is $4.37 per share.

Caleres (NYSE:CALGet Rating) last issued its quarterly earnings results on Tuesday, August 23rd. The textile maker reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.06. The firm had revenue of $738.33 million for the quarter, compared to analyst estimates of $736.05 million. Caleres had a return on equity of 48.52% and a net margin of 5.92%. During the same period in the previous year, the company posted $1.19 earnings per share.

CAL has been the subject of several other research reports. StockNews.com assumed coverage on shares of Caleres in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. CL King lowered their price objective on shares of Caleres from $37.00 to $35.00 in a research report on Thursday, November 17th. Piper Sandler assumed coverage on shares of Caleres in a research report on Tuesday, October 25th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, TheStreet lowered shares of Caleres from a “b-” rating to a “c” rating in a research note on Friday, August 26th.

Caleres Price Performance

Shares of CAL opened at $24.83 on Thursday. The company has a market capitalization of $905.30 million, a P/E ratio of 5.33 and a beta of 1.76. Caleres has a one year low of $17.82 and a one year high of $31.13. The business’s 50 day simple moving average is $25.87 and its 200-day simple moving average is $26.40.

Institutional Investors Weigh In On Caleres

Several hedge funds have recently bought and sold shares of CAL. Nisa Investment Advisors LLC raised its holdings in Caleres by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 19,026 shares of the textile maker’s stock valued at $464,000 after acquiring an additional 376 shares during the period. USA Financial Portformulas Corp raised its holdings in Caleres by 40.1% in the 3rd quarter. USA Financial Portformulas Corp now owns 1,384 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 396 shares during the period. Texas Permanent School Fund raised its holdings in Caleres by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 27,458 shares of the textile maker’s stock valued at $720,000 after acquiring an additional 454 shares during the period. Assetmark Inc. raised its holdings in Caleres by 35.6% in the 3rd quarter. Assetmark Inc. now owns 2,183 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 573 shares during the period. Finally, Cornercap Investment Counsel Inc. raised its holdings in Caleres by 1.3% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 48,229 shares of the textile maker’s stock valued at $932,000 after acquiring an additional 630 shares during the period. 86.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caleres

In other news, CEO Diane M. Sullivan sold 4,900 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $27.33, for a total transaction of $133,917.00. Following the completion of the transaction, the chief executive officer now directly owns 196,236 shares in the company, valued at approximately $5,363,129.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Diane M. Sullivan sold 3,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $27.26, for a total value of $89,958.00. Following the completion of the sale, the chief executive officer now directly owns 176,936 shares in the company, valued at approximately $4,823,275.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $27.33, for a total transaction of $133,917.00. Following the completion of the sale, the chief executive officer now owns 196,236 shares of the company’s stock, valued at $5,363,129.88. The disclosure for this sale can be found here. Insiders sold a total of 25,520 shares of company stock worth $692,710 in the last three months. Insiders own 4.90% of the company’s stock.

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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