NYSE:CAL - Caleres Stock Price, Forecast & News

Caleres' stock was trading at $8.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CAL shares have decreased by 47.1% and is now trading at $4.50. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 2 hold ratings and 2 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, June 1st 2020. View our earnings forecast for Caleres.

Caleres Inc (NYSE:CAL) announced its quarterly earnings data on Thursday, March, 12th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.14. The textile maker had revenue of $698.95 million for the quarter, compared to analyst estimates of $698.18 million. Caleres had a return on equity of 13.52% and a net margin of 2.15%. Caleres's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. View Caleres' earnings history.

Caleres declared a quarterly dividend on Monday, March 9th. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.07 per share on Thursday, April 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Tuesday, March 17th. View Caleres' dividend history.

Caleres declared that its board has initiated a share buyback program on Friday, December 14th 2018, which allows the company to repurchase 2,500,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Caleres issued an update on its FY21 earnings guidance on Thursday, March, 12th. The company provided EPS guidance of $1.95-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.41. The company issued revenue guidance of approx $2.95 billion, compared to the consensus revenue estimate of $2.98 billion.

4 brokerages have issued 12-month price objectives for Caleres' shares. Their forecasts range from $9.00 to $25.00. On average, they anticipate Caleres' stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 333.3% from the stock's current price. View analysts' price targets for Caleres.

News stories about CAL stock have trended very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Caleres earned a news impact score of -3.0 on InfoTrie's scale. They also gave press coverage about the textile maker a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCaleres.

Caleres saw a decrease in short interest in March. As of March 13th, there was short interest totaling 3,976,200 shares, a decrease of 8.4% from the February 27th total of 4,340,000 shares. Based on an average trading volume of 467,800 shares, the short-interest ratio is currently 8.5 days. Approximately 10.3% of the shares of the company are short sold. View Caleres' Current Options Chain.

Some companies that are related to Caleres include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), Foot Locker (FL), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Buckle (BKE), Abercrombie & Fitch (ANF), Zumiez (ZUMZ), Guess? (GES), Shoe Carnival (SCVL), Designer Brands (DBI), Childrens Place (PLCE), Cato (CATO) and Genesco (GCO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Caleres investors own include TreeHouse Foods (THS), Gilead Sciences (GILD), Exxon Mobil (XOM), Intel (INTC), NVIDIA (NVDA), Skechers USA (SKX), Micron Technology (MU), Overstock.com (OSTK), Pfizer (PFE) and Broadcom (AVGO).

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

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 $4.50.

Caleres has a market capitalization of $182.39 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 11,500 workers across the globe. View additional information about Caleres.

The official website for Caleres is http://www.caleres.com/.

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