Caleres - CAL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CAL shares.
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2 brokers have issued twelve-month price targets for Caleres' shares. Their CAL share price forecasts range from $32.00 to $40.00. On average, they expect the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 54.0% from the stock's current price.
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Caleres' stock was trading at $22.68 at the beginning of the year. Since then, CAL shares have increased by 3.1% and is now trading at $23.38.
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Caleres saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,270,000 shares, a decline of 10.3% from the August 15th total of 2,530,000 shares. Based on an average trading volume of 690,600 shares, the short-interest ratio is currently 3.3 days. Approximately 6.5% of the company's shares are short sold.
View Caleres' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) issued its quarterly earnings results on Tuesday, August, 23rd. The textile maker reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.06. Caleres had a trailing twelve-month return on equity of 57.75% and a net margin of 6.65%. During the same period last year, the company earned $1.19 EPS.

Caleres announced 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 yield of 1.20%. 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 1.12%. The dividend payout ratio is 5.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAL.

Caleres issued an update on its FY 2022 earnings guidance on Tuesday, September, 20th. The company provided earnings per share (EPS) guidance of $4.20-$4.40 for the period, compared to the consensus earnings per share estimate of $4.34. The company issued revenue guidance of $2.89 billion-$2.94 billion, compared to the consensus revenue estimate of $2.89 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 variety of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (7.33%), State Street Corp (4.12%), Paradigm Capital Management Inc. NY (2.88%), Royce & Associates LP (1.39%), Northern Trust Corp (1.11%) and Intrinsic Edge Capital Management LLC (1.09%). 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.
View institutional ownership trends.

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 $23.38.

Caleres (NYSE:CAL) has a market capitalization of $852.53 million and generates $2.78 billion in revenue each year. The textile maker earns $137.02 million in net income (profit) each year or $5.12 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.