Caleres Stock Forecast, Price & News

Caleres' stock was trading at $8.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAL stock has increased by 29.3% and is now trading at $11.00.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Caleres.

Caleres is scheduled to release its next quarterly earnings announcement on Monday, November 23rd 2020.
View our earnings forecast for Caleres.

Caleres Inc (NYSE:CAL) announced its quarterly earnings results on Tuesday, September, 1st. The textile maker reported ($0.57) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($1.02) by $0.45. The textile maker had revenue of $501.40 million for the quarter, compared to analyst estimates of $450.11 million. Caleres had a negative net margin of 14.57% and a negative return on equity of 5.67%. Caleres's quarterly revenue was down 33.4% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS.
View Caleres' earnings history.

Caleres announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.07 per share on Friday, October 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, September 10th.
View Caleres' dividend history.

Caleres declared that its Board of Directors has authorized a share repurchase plan on Friday, December 14th 2018, which authorizes the company to buyback 2,500,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

4 Wall Street analysts have issued 1 year price targets for Caleres' shares. Their forecasts range from $7.00 to $24.00. On average, they expect Caleres' share price to reach $17.75 in the next twelve months. This suggests a possible upside of 61.4% from the stock's current price.
View analysts' price targets for Caleres.

Caleres saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,510,000 shares, an increase of 23.2% from the August 15th total of 2,850,000 shares. Based on an average daily volume of 961,500 shares, the days-to-cover ratio is currently 3.7 days. Currently, 9.7% of the company's stock are sold short.
View Caleres' Short Interest.

Some companies that are related to Caleres include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), Foot Locker (FL), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Designer Brands (DBI), Childrens Place (PLCE), Genesco (GCO) and Citi Trends (CTRN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Caleres investors own include Intel (INTC), Exxon Mobil (XOM), Capri (CPRI), Delta Air Lines (DAL), Gilead Sciences (GILD), Micron Technology (MU), Pfizer (PFE), TreeHouse Foods (THS), Chevron (CVX) and Macy's (M).

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

Caleres' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.71%), Principal Financial Group Inc. (4.72%), Principal Financial Group Inc. (4.72%), Paradigm Capital Management Inc. NY (2.61%), Charles Schwab Investment Management Inc. (2.11%) and Dalton Greiner Hartman Maher & Co. (1.93%). Company insiders that own Caleres stock include Daniel R Freidman, Patricia G Mcginnis and Steven W Korn.
View institutional ownership trends for Caleres.

CAL stock was sold by a variety of institutional investors in the last quarter, including Paradigm Capital Management Inc. NY, Goldman Sachs Group Inc., Envestnet Asset Management Inc., Nuveen Asset Management LLC, SG Americas Securities LLC, Teachers Retirement System of The State of Kentucky, Strs Ohio, and Bridgeway Capital Management Inc..
View insider buying and selling activity for Caleres.

CAL stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., RK Capital Management LLC, Vanguard Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Dalton Greiner Hartman Maher & Co., Balyasny Asset Management LLC, and Sei Investments Co.. Company insiders that have bought Caleres stock in the last two years include Patricia G Mcginnis, and Steven W Korn.
View insider buying and selling activity for Caleres.

Shares of CAL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CAL stock can currently be purchased for approximately $11.00.

Caleres has a market capitalization of $417.03 million and generates $2.92 billion in revenue each year. The textile maker earns $62.82 million in net income (profit) each year or $2.10 on an earnings per share basis. Caleres employs 11,400 workers across the globe.

The official website for Caleres is www.caleres.com.

Caleres' mailing address is 8300 MARYLAND AVE, ST LOUIS MO, 63166. The textile maker can be reached via phone at 314-854-4000 or via email at [email protected]