NYSE:CALCaleres Stock Price, Forecast & News

$11.00

+1.51 (+15.91 %)

(As of 06/5/2020 02:26 PM ET)

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Today's Range

$10.00

Now: $11.00▼

$11.48

50-Day Range

$5.10

MA: $6.60▼

$8.48

52-Week Range

$3.12

Now: $11.00▼

$24.86

Volume58,397 shs

Average Volume1.16 million shs

Market Capitalization$442.53 million

P/E Ratio7.19

Dividend Yield3.28%

Beta2.07

Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children. Its retail shoe stores provide brand-name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Under Armour, New Balance, Sperry, Asics, Bearpaw, Sof Sole, and Puma, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, LifeStride, Naturalizer, Fergie Footwear, Blowfish Malibu, Carlos by Carlos Santana, Circus by Sam Edelman, and Vionic. The company also operates Naturalizer.com, Naturalizer.ca, SamEdelman.com, AllenEdmonds.com, DrSchollsShoes.com, LifeStride.com, FrancoSarto.com, Vionicshoes.com, Ryka.com, Bzees.com, and ViaSpiga.com, as well as Vince.com, FergieShoes.com, CarlosShoes.com, Blowfishshoes.com, and DVF.com. In addition, it designs, sources, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men's apparel, leather goods, and accessories under the Allen Edmonds brand; Italian footwear Franco Sarto brand; women's shoe collection under the Vince brand; athletic footwear for women under the Rykä brand; and women's sporty footwear under the Bzees brand, as well as Via Spiga brand. As of March 21, 2019, it operated approximately 1,200 retail stores. The company was formerly known as Brown Shoe Company, Inc. and changed its name to Caleres, Inc. in May 2015. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Caleres has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.88, Caleres has a potential upside of 50.5% from its current price of $11.21.
Amount of Analyst Coverage
Caleres has only been the subject of 3 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Caleres has received 369 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Caleres has received 426 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Caleres has received 53.58% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Caleres and other stocks. Vote “Outperform” if you believe CAL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CAL will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Caleres is a leading dividend payer. It pays a dividend yield of 3.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Caleres does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Caleres is 13.33 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Caleres will have a dividend payout ratio of 17.50 % next year. This indicates that Caleres will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Caleres insiders have bought more of their company's stock than they have sold. Specifically, they have bought $28,345.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of Caleres is held by insiders.
Percentage Held by Institutions
92.04% of the stock of Caleres is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Caleres are expected to grow in the coming year, from ($1.00) to $1.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Caleres is 7.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Caleres is 7.33, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 29.12.
Price to Book Value per Share Ratio
Caleres has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.08 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Footwear, except rubber

Sub-IndustryApparel Retail

SectorConsumer Discretionary

Current SymbolNYSE:CAL

Previous SymbolNYSE:BWS

CUSIP11573610

CIK14707

Webwww.caleres.com

Phone314-854-4000

Debt

Debt-to-Equity Ratio1.27

Current Ratio1.04

Quick Ratio0.31

Price-To-Earnings

Trailing P/E Ratio7.19

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.92 billion

Price / Sales0.15

Cash Flow$5.24 per share

Price / Cash Flow2.10

Book Value$16.01 per share

Price / Book0.69

Profitability

EPS (Most Recent Fiscal Year)$2.10

Net Income$62.82 million

Net Margins2.15%

Return on Equity13.52%

Return on Assets3.44%

Miscellaneous

Employees11,400

Outstanding Shares40,230,000

Market Cap$442.53 million

Next Earnings Date8/24/2020 (Estimated)

OptionableOptionable

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Caleres (NYSE:CAL) Frequently Asked Questions

How has Caleres' stock been impacted by COVID-19 (Coronavirus)?

Caleres' stock was trading at $8.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CAL shares have increased by 31.7% and is now trading at $11.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Caleres?

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.

When is Caleres' next earnings date?

Caleres is scheduled to release its next quarterly earnings announcement on Monday, August 24th 2020. View our earnings forecast for Caleres.

How were Caleres' earnings last quarter?

Caleres Inc (NYSE:CAL) announced its earnings results on Thursday, June, 4th. The textile maker reported ($1.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.86) by $0.44. The textile maker had revenue of $397.18 million for the quarter, compared to the consensus estimate of $426.91 million. Caleres had a net margin of 2.15% and a return on equity of 13.52%. The firm's revenue was down 41.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. View Caleres' earnings history.

How often does Caleres pay dividends? What is the dividend yield for Caleres?

Caleres declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Friday, June 12th will be given a dividend of $0.07 per share on Wednesday, July 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, June 11th. View Caleres' dividend history.

How will Caleres' stock buyback program work?

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

What guidance has Caleres issued on next quarter's earnings?

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

What price target have analysts set for CAL?

4 analysts have issued 12 month price targets for Caleres' stock. Their forecasts range from $3.50 to $24.00. On average, they expect Caleres' share price to reach $16.88 in the next year. This suggests a possible upside of 50.5% from the stock's current price. View analysts' price targets for Caleres.

Has Caleres been receiving favorable news coverage?

News coverage about CAL stock has been trending extremely negative on Friday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -5.0 on InfoTrie's scale. They also assigned media coverage about the textile maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutCaleres.

Are investors shorting Caleres?

Caleres saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,350,000 shares, an increase of 12.4% from the April 30th total of 2,980,000 shares. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 3.1 days. Currently, 8.7% of the company's shares are sold short. View Caleres' Current Options Chain.

Who are some of Caleres' key competitors?

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), Childrens Place (PLCE), Zumiez (ZUMZ), Designer Brands (DBI), Shoe Carnival (SCVL), Genesco (GCO) and Cato (CATO). View all competitors.

What other stocks do shareholders of Caleres own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Caleres investors own include TreeHouse Foods (THS), Exxon Mobil (XOM), Delta Air Lines (DAL), Intel (INTC), Gilead Sciences (GILD), Pfizer (PFE), Royal Caribbean Cruises (RCL), Skechers USA (SKX), United Continental (UAL) and Broadcom (AVGO).

Who are Caleres' key executives?

Caleres' management team includes the following people:

Ms. Diane M. Sullivan, Chairman, CEO & Pres (Age 63)
Mr. Kenneth H. Hannah, Sr. VP & CFO (Age 50)
Mr. Daniel R. Friedman, Division Pres of Global Supply Chain (Age 58)
Mr. John W. Schmidt, Division Pres of Brand Portfolio (Age 58)
Ms. Molly P. Adams, Division Pres of Famous Footwear (Age 56)

What is Caleres' stock symbol?

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

Who are Caleres' major shareholders?

Caleres' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.36%), Wellington Management Group LLP (4.51%), State Street Corp (4.18%), Paradigm Capital Management Inc. NY (3.78%), Morgan Stanley (2.43%) and Morgan Stanley (2.43%). Company insiders that own Caleres stock include Daniel R Freidman, Diane M Sullivan, Douglas Koch, Patricia G Mcginnis and Steven W Korn. View institutional ownership trends for Caleres.

Which institutional investors are selling Caleres stock?

CAL stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Franklin Resources Inc., Squarepoint Ops LLC, Public Sector Pension Investment Board, Bank of New York Mellon Corp, Parametric Portfolio Associates LLC, and BlackRock Inc.. View insider buying and selling activity for Caleres.

Which institutional investors are buying Caleres stock?

CAL stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, State Street Corp, JPMorgan Chase & Co., Maverick Capital Ltd., Maverick Capital Ltd., Dalton Greiner Hartman Maher & Co., and Deutsche Bank AG. 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.

How do I buy shares of 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.

What is Caleres' stock price today?

One share of CAL stock can currently be purchased for approximately $11.21.

How big of a company is Caleres?

Caleres has a market capitalization of $450.98 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.

What is Caleres' official website?

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

How can I contact Caleres?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff