Caleres Stock Price, News & Analysis (NYSE:CAL)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CAL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAL, but not buy additional shares or sell existing shares.
View CAL analyst ratings or view top-rated stocks.

1 brokers have issued 1-year price objectives for Caleres' stock. Their CAL share price targets range from $30.00 to $30.00. On average, they predict the company's stock price to reach $30.00 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
View analysts price targets for CAL or view top-rated stocks among Wall Street analysts.

Caleres' stock was trading at $22.28 at the beginning of 2023. Since then, CAL stock has increased by 39.2% and is now trading at $31.02.
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Caleres saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,630,000 shares, an increase of 19.8% from the October 15th total of 3,030,000 shares. Based on an average daily volume of 442,400 shares, the days-to-cover ratio is presently 8.2 days. Currently, 10.8% of the shares of the company are sold short.
View Caleres' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) issued its earnings results on Tuesday, November, 21st. The textile maker reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The textile maker had revenue of $761.90 million for the quarter, compared to the consensus estimate of $770.07 million. Caleres had a trailing twelve-month return on equity of 30.46% and a net margin of 5.57%. The business's revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share.

Caleres announced a quarterly dividend on Thursday, August 24th. Investors of record on Friday, September 8th will be paid a dividend of $0.07 per share on Friday, September 29th. This represents a $0.28 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, September 7th.
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 0.96%. The dividend payout ratio is 6.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAL.

ETFs with the largest weight of Caleres (NYSE:CAL) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).iShares Micro-Cap ETF (IWC).

Caleres updated its FY24 earnings guidance on Tuesday, November, 21st. The company provided earnings per share (EPS) guidance of $4.10-4.20 for the period, compared to the consensus EPS estimate of $4.15.

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' stock is owned by a number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (7.42%), Paradigm Capital Management Inc. NY (2.31%), Boston Partners (2.30%), Invesco Ltd. (1.96%), Charles Schwab Investment Management Inc. (1.41%) and Bank of New York Mellon Corp (1.28%). Insiders that own company stock include Carla C Hendra, Daniel R Freidman, Diane M Sullivan, Diane M Sullivan, Douglas Koch, Ken Hannah, 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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