NYSE:CALCaleres Stock Price, Forecast & News

Caleres' stock was trading at $8.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAL shares have decreased by 6.9% and is now trading at $7.92. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Caleres.

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

Caleres Inc (NYSE:CAL) released its quarterly earnings data on Thursday, June, 4th. The textile maker reported ($1.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.86) by $0.44. The textile maker earned $397.18 million during the quarter, compared to analysts' expectations of $426.91 million. Caleres had a negative net margin of 11.06% and a positive return on equity of 3.78%. The business's revenue was down 41.4% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. View Caleres' earnings history.

Caleres announced a quarterly dividend on Thursday, May 28th. Shareholders 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 3.54%. The ex-dividend date of this dividend is Thursday, June 11th. View Caleres' dividend history.

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

4 equities research analysts have issued 1 year price objectives for Caleres' shares. Their forecasts range from $7.00 to $24.00. On average, they expect Caleres' stock price to reach $17.75 in the next year. This suggests a possible upside of 124.1% from the stock's current price. View analysts' price targets for Caleres.

Headlines about CAL stock have been trending very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Caleres earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned media stories about the textile maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Caleres.

Caleres saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,220,000 shares, a drop of 9.8% from the May 31st total of 3,570,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 8.4% of the company's shares are sold short. View Caleres' Current Options Chain.

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), Zumiez (ZUMZ), Abercrombie & Fitch (ANF), Guess? (GES), Childrens Place (PLCE), Designer Brands (DBI), Shoe Carnival (SCVL), Genesco (GCO) and Citi Trends (CTRN). View all competitors.

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).

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 $7.92.

Caleres has a market capitalization of $318.62 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]