Caleres Stock Forecast, Price & News

Caleres' stock was trading at $8.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CAL shares have increased by 4.6% and is now trading at $8.90.
View which stocks have been most impacted by COVID-19.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last year. There are currently 1 hold rating and 3 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, November 23rd 2020.
View our earnings forecast for Caleres.

Caleres, Inc. (NYSE:CAL) issued its quarterly earnings data on Tuesday, September, 1st. The textile maker reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.02) by $0.45. The textile maker had revenue of $501.40 million for the quarter, compared to the consensus estimate of $450.11 million. Caleres had a negative return on equity of 5.67% and a negative net margin of 14.57%. The company's revenue for the quarter was down 33.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS.
View Caleres' earnings history.

Caleres declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be given a dividend of $0.07 per share on Friday, October 2nd. This represents a $0.28 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, September 10th.
View Caleres' dividend history.

Caleres announced that its Board of Directors has authorized a stock 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 an indication that the company's management believes its shares are undervalued.

4 analysts have issued 12 month price objectives for Caleres' stock. Their forecasts range from $7.00 to $24.00. On average, they anticipate Caleres' stock price to reach $17.75 in the next twelve months. This suggests a possible upside of 99.4% from the stock's current price.
View analysts' price targets for Caleres.

Caleres saw a decrease in short interest in September. As of September 30th, there was short interest totaling 2,090,000 shares, a decrease of 26.7% from the September 15th total of 2,850,000 shares. Based on an average trading volume of 796,200 shares, the short-interest ratio is presently 2.6 days. Approximately 5.8% of the shares of the stock are short sold.
View Caleres' Short Interest.

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), The Buckle (BKE), Abercrombie & Fitch (ANF), Guess' (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Designer Brands (DBI), The Children's Place (PLCE), Genesco (GCO) and Citi Trends (CTRN).
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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 a number of retail and institutional investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (1.44%), Dalton Greiner Hartman Maher & Co. (1.35%), Louisiana State Employees Retirement System (0.05%) and Assenagon Asset Management S.A. (0.03%). Company insiders that own Caleres stock include Daniel R Freidman, Patricia G Mcginnis and Steven W Korn.
View institutional ownership trends for Caleres.

CAL stock was sold by a variety of institutional investors in the last quarter, including Paradigm Capital Management Inc. NY, and Dalton Greiner Hartman Maher & Co..
View insider buying and selling activity for Caleres.

CAL stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., and Louisiana State Employees Retirement System. 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.

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 $8.90.

Caleres has a market capitalization of $337.42 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]