Caleres - CAL Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAL shares.
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2 Wall Street analysts have issued 1-year target prices for Caleres' stock. Their CAL share price forecasts range from $28.00 to $35.00. On average, they expect the company's share price to reach $31.67 in the next year. This suggests a possible upside of 36.8% from the stock's current price.
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Caleres' stock was trading at $22.68 at the beginning of 2022. Since then, CAL stock has increased by 2.1% and is now trading at $23.15.
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Caleres, Inc. (NYSE:CAL) released its quarterly earnings results on Thursday, November, 18th. The textile maker reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.44. The textile maker earned $784.20 million during the quarter, compared to the consensus estimate of $753.68 million. Caleres had a net margin of 5.92% and a trailing twelve-month return on equity of 48.52%. The business's revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share.

Caleres declared a quarterly dividend on Thursday, August 25th. Investors of record on Friday, September 9th will be given a dividend of $0.07 per share on Friday, September 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, September 8th.
Read our dividend analysis for CAL.

Caleres (NYSE:CAL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.21%. The dividend payout ratio is 6.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAL.

Caleres updated its FY23 earnings guidance on Tuesday, November, 22nd. The company provided EPS guidance of $4.30-4.40 for the period, compared to the consensus earnings per share estimate of $4.30. The company issued revenue guidance of +4-6% yr/yr to $2.89-2.94 billion, compared to the consensus revenue estimate of $2.93 billion.

154 employees have rated Caleres Chief Executive Officer Diane M. Sullivan on Glassdoor.com. Diane M. Sullivan has an approval rating of 45% among the company's employees. This puts Diane M. Sullivan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Caleres investors own include Pfizer (PFE), Advanced Micro Devices (AMD), Capri (CPRI), Gilead Sciences (GILD), Intel (INTC), TreeHouse Foods (THS), Chevron (CVX), Macy's (M), Exxon Mobil (XOM) and AbbVie (ABBV).

Caleres trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAL."

Caleres' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.00%), Vanguard Group Inc. (9.91%), Dimensional Fund Advisors LP (4.62%), State Street Corp (4.00%), Paradigm Capital Management Inc. NY (2.44%) and Neuberger Berman Group LLC (2.41%). Insiders that own company stock include Carla C Hendra, Daniel R Freidman, Diane M Sullivan, Diane M Sullivan, Douglas Koch, Ken Hannah, Patricia G Mcginnis, Steven W Korn, Todd E Hasty and Willis Hill.
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Shares of CAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAL stock can currently be purchased for approximately $23.15.

Caleres (NYSE:CAL) has a market capitalization of $844.14 million and generates $2.78 billion in revenue each year. The textile maker earns $137.02 million in net income (profit) each year or $4.66 on an earnings per share basis.

The company employs 9,200 workers across the globe.

Caleres' mailing address is 8300 MARYLAND AVE, ST LOUIS MO, 63166. The official website for the company is www.caleres.com. The textile maker can be reached via phone at (314) 854-4000, via email at ptharp@caleres.com, or via fax at 314-854-4274.