Caleres (CAL) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 1-year price objectives for Caleres' shares. Their CAL share price forecasts range from $25.00 to $35.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
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 shares have increased by 21.3% and is now trading at $27.02.
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Caleres saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,990,000 shares, an increase of 22.5% from the August 15th total of 2,440,000 shares. Based on an average trading volume of 518,500 shares, the short-interest ratio is presently 5.8 days. Approximately 8.9% of the shares of the stock are short sold.
View Caleres' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) issued its earnings results on Thursday, August, 31st. The textile maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.10. The textile maker earned $695.50 million during the quarter, compared to analysts' expectations of $704.85 million. Caleres had a trailing twelve-month return on equity of 30.93% and a net margin of 5.23%. Caleres's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share.

Caleres declared a quarterly dividend on Thursday, August 24th. Shareholders 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, September 7th.
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 (NYSE:CAL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.06%. The dividend payout ratio is 6.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.36% 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 FY 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) guidance of $4.10-$4.30 for the period, compared to the consensus EPS estimate of $4.13. The company issued revenue guidance of $2.82 billion-$2.88 billion, compared to the consensus revenue estimate of $2.85 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.94%), Principal Financial Group Inc. (7.43%), Dimensional Fund Advisors LP (5.21%), State Street Corp (4.33%), Boston Partners (3.18%) and Paradigm Capital Management Inc. NY (2.75%). 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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One share of CAL stock can currently be purchased for approximately $27.02.

Caleres (NYSE:CAL) has a market capitalization of $960.29 million and generates $2.97 billion in revenue each year. The textile maker earns $181.74 million in net income (profit) each year or $4.13 on an earnings per share basis.

The company employs 5,300 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.