Caleres - CAL Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CAL shares.
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2 brokerages have issued 12-month target prices for Caleres' stock. Their CAL share price forecasts range from $26.00 to $35.00. On average, they anticipate the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
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Caleres' stock was trading at $22.28 at the start of the year. Since then, CAL stock has increased by 10.2% and is now trading at $24.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) issued its quarterly earnings data on Tuesday, November, 22nd. The textile maker reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. The textile maker had revenue of $798.26 million for the quarter, compared to analyst estimates of $784.94 million. Caleres had a trailing twelve-month return on equity of 48.52% and a net margin of 5.92%.

Caleres declared a quarterly dividend on Thursday, December 8th. Investors of record on Thursday, December 22nd will be paid a dividend of $0.07 per share on Friday, January 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, December 21st.
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 1.11%. The dividend payout ratio is 6.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.10% 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 FY23 earnings guidance on Monday, January, 9th. The company provided earnings per share (EPS) guidance of $4.30.4.40 for the period, compared to the consensus earnings per share estimate of $4.35. The company issued revenue guidance of +4-6% yr/yr to $2.89-2.94 billion, compared to the consensus revenue estimate of $2.95 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 many different retail and institutional investors. Top institutional investors include Paradigm Capital Management Inc. NY (2.92%), Boston Partners (2.38%), South Dakota Investment Council (0.76%), Janney Montgomery Scott LLC (0.26%), Swiss National Bank (0.25%) and UBS Group AG (0.12%). 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.
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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 $24.56.

Caleres (NYSE:CAL) has a market capitalization of $874.73 million and generates $2.95 billion in revenue each year. The textile maker earns $137.02 million in net income (profit) each year or $4.66 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.