Caleres Inc (NYSE:CAL) – Research analysts at Wedbush issued their Q1 2021 earnings per share estimates for shares of Caleres in a report released on Friday, November 15th. Wedbush analyst C. Svezia expects that the textile maker will earn $0.42 per share for the quarter. Wedbush also issued estimates for Caleres’ Q2 2021 earnings at $0.70 EPS, Q3 2021 earnings at $0.92 EPS, Q4 2021 earnings at $0.65 EPS and FY2022 earnings at $2.95 EPS.
Other research analysts have also recently issued reports about the company. Susquehanna Bancshares set a $20.00 target price on Caleres and gave the stock a “buy” rating in a research report on Monday, August 26th. Loop Capital raised their target price on Caleres to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Caleres in a research report on Thursday, October 3rd. Zacks Investment Research cut Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Caleres in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.50.
Shares of CAL stock opened at $23.58 on Monday. The stock has a market cap of $967.80 million, a P/E ratio of 10.67 and a beta of 0.89. Caleres has a one year low of $14.30 and a one year high of $33.45. The stock has a fifty day moving average price of $22.60 and a 200 day moving average price of $20.56. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.97 and a quick ratio of 0.24.
Caleres (NYSE:CAL) last issued its earnings results on Monday, August 26th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $752.49 million during the quarter, compared to analysts’ expectations of $752.23 million. Caleres had a positive return on equity of 13.75% and a negative net margin of 0.41%. Caleres’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of Caleres by 5,789.5% during the third quarter. Versant Capital Management Inc now owns 1,119 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 1,100 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Caleres by 128.9% during the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the textile maker’s stock valued at $89,000 after acquiring an additional 2,188 shares during the period. Bank of Montreal Can lifted its holdings in shares of Caleres by 267.0% during the second quarter. Bank of Montreal Can now owns 4,782 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 3,479 shares during the period. Quantamental Technologies LLC lifted its holdings in shares of Caleres by 15.4% during the second quarter. Quantamental Technologies LLC now owns 5,986 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 801 shares during the period. Finally, LaSalle Street Capital Management LLC bought a new position in shares of Caleres during the third quarter valued at $203,000. 96.49% of the stock is owned by institutional investors.
Caleres Company Profile
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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