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NYSE:CAL

Caleres - CAL Stock Forecast, Price & News

$29.17
+0.56 (+1.96%)
(As of 08/11/2022 09:57 AM ET)
Add
Compare
Today's Range
$28.98
$29.50
50-Day Range
$23.94
$29.30
52-Week Range
$17.82
$29.94
Volume
3,208 shs
Average Volume
563,993 shs
Market Capitalization
$1.07 billion
P/E Ratio
6.19
Dividend Yield
1.02%
Price Target
$36.00

Caleres MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.8% Upside
$36.00 Price Target
Short Interest
Healthy
7.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.53
Upright™ Environmental Score
News Sentiment
0.25mentions of Caleres in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$2.42 M Sold Last Quarter
Proj. Earnings Growth
7.41%
From $4.32 to $4.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Consumer Discretionary Sector

98th out of 287 stocks

Footwear, Except Rubber Industry

4th out of 5 stocks

CAL stock logo

About Caleres (NYSE:CAL) Stock

Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress 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, Crocs, Puma, Birkenstock, New Balance, Asics, New Balance, Under Armour, Bearpaw, Timberland, Sperry, and Dr. Martens, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, Blowfish Malibu, LifeStride, Naturalizer, Zodiac, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, manufactures, 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; footwear for women under LifeStride brand; Italian footwear Franco Sarto brand; athletic footwear for women under the Rykä brand; women's shoe collection under the Vince brand; and women's footwear under the Bzees brand; other footwear under Zodiac brand; and women's footwear collection under Veronica Beard brand, as well as Via Spiga brand. It operates approximately 980 retail stores. The company was formerly known as Brown Shoe Company, Inc. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.

Caleres Price Performance

Shares of NYSE:CAL traded up $1.06 during mid-day trading on Wednesday, hitting $28.61. The company had a trading volume of 527,245 shares, compared to its average volume of 678,315. The firm has a fifty day moving average price of $26.96 and a 200 day moving average price of $23.91. The company has a market capitalization of $1.05 billion, a PE ratio of 6.07 and a beta of 1.88. Caleres has a one year low of $17.82 and a one year high of $29.94.

Caleres (NYSE:CAL - Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The textile maker reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.50. The company had revenue of $735.12 million during the quarter, compared to analyst estimates of $677.28 million. Caleres had a net margin of 6.31% and a return on equity of 62.60%. Caleres's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts expect that Caleres will post 4.32 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th were paid a $0.07 dividend. The ex-dividend date was Thursday, June 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. Caleres's dividend payout ratio is currently 5.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Caleres to $32.00 in a research report on Wednesday, May 25th. Seaport Res Ptn restated a "buy" rating on shares of Caleres in a research report on Friday, June 24th. TheStreet upgraded shares of Caleres from a "c+" rating to a "b-" rating in a research report on Tuesday, May 24th. Finally, StockNews.com downgraded shares of Caleres from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 7th.

Insider Activity

In other news, CEO Diane M. Sullivan sold 35,915 shares of Caleres stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $25.18, for a total value of $904,339.70. Following the completion of the sale, the chief executive officer now owns 621,446 shares in the company, valued at approximately $15,648,010.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caleres news, CEO Diane M. Sullivan sold 35,915 shares of the business's stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $25.18, for a total transaction of $904,339.70. Following the completion of the sale, the chief executive officer now owns 621,446 shares in the company, valued at approximately $15,648,010.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel R. Freidman sold 6,000 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $26.61, for a total transaction of $159,660.00. Following the sale, the insider now owns 69,498 shares of the company's stock, valued at approximately $1,849,341.78. The disclosure for this sale can be found here. Insiders sold 91,038 shares of company stock worth $2,415,339 in the last quarter. 4.90% of the stock is owned by corporate insiders.

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CAL Stock News Headlines

Step Into Caleres Now, Walk Off Wealthier Later - RealMoney
Form 8-K CALERES INC For: Jul 20 - StreetInsider.com
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CAL Company Calendar

Last Earnings
5/24/2022
Ex-Dividend for 6/29 Dividend
6/09/2022
Dividend Payable
6/29/2022
Today
8/11/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Apparel Retail
CUSIP
11573610
Employees
9,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+23.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$137.02 million
Pretax Margin
8.58%

Debt

Sales & Book Value

Annual Sales
$2.78 billion
Cash Flow
$6.14 per share
Book Value
$8.59 per share

Miscellaneous

Free Float
34,938,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
1.88

Key Executives














CAL Stock - Frequently Asked Questions

Should I buy or sell Caleres stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CAL shares.
View CAL analyst ratings
or view top-rated stocks.

What is Caleres' stock price forecast for 2022?

2 Wall Street research analysts have issued 1-year target prices for Caleres' stock. Their CAL share price forecasts range from $32.00 to $40.00. On average, they anticipate the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for CAL
or view top-rated stocks among Wall Street analysts.

How have CAL shares performed in 2022?

Caleres' stock was trading at $22.68 at the beginning of the year. Since then, CAL stock has increased by 26.1% and is now trading at $28.61.
View the best growth stocks for 2022 here
.

When is Caleres' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our CAL earnings forecast
.

How can I listen to Caleres' earnings call?

Caleres will be holding an earnings conference call on Tuesday, August 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13732134".

How were Caleres' earnings last quarter?

Caleres, Inc. (NYSE:CAL) issued its quarterly earnings results on Tuesday, May, 24th. The textile maker reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.50. The textile maker had revenue of $735.12 million for the quarter, compared to analysts' expectations of $677.28 million. Caleres had a trailing twelve-month return on equity of 62.60% and a net margin of 6.31%. The firm's revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS.

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

Caleres announced a quarterly dividend on Thursday, May 26th. Stockholders of record on Friday, June 10th will be paid a dividend of $0.07 per share on Wednesday, June 29th. This represents a $0.28 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, June 9th.
Read our dividend analysis for CAL
.

Is Caleres a good dividend stock?

Caleres (NYSE:CAL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.02%. The dividend payout ratio is 5.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAL.

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

Caleres issued an update on its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share guidance of $4.20-$4.40 for the period, compared to the consensus earnings per share estimate of $3.92. The company issued revenue guidance of $2.83 billion-$2.92 billion, compared to the consensus revenue estimate of $2.88 billion.

What is Diane M. Sullivan's approval rating as Caleres' CEO?

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.

What other stocks do shareholders of Caleres own?

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).

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 a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (7.33%), Paradigm Capital Management Inc. NY (2.88%), Royce & Associates LP (1.39%), Cambria Investment Management L.P. (0.53%), Stanley Laman Group Ltd. (0.33%) and Monarch Partners Asset Management LLC (0.33%). 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
.

How do I buy shares of Caleres?

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.
Compare Top Brokerages Here.

What is Caleres' stock price today?

One share of CAL stock can currently be purchased for approximately $28.61.

How much money does Caleres make?

Caleres (NYSE:CAL) has a market capitalization of $1.05 billion and generates $2.78 billion in revenue each year. The textile maker earns $137.02 million in net income (profit) each year or $4.71 on an earnings per share basis.

How many employees does Caleres have?

The company employs 9,200 workers across the globe.

How can I contact Caleres?

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.

This page (NYSE:CAL) was last updated on 8/11/2022 by MarketBeat.com Staff

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