Caleres - CAL Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "buy" CAL shares.
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2 analysts have issued 1-year target prices for Caleres' shares. Their CAL share price forecasts range from $32.00 to $35.00. On average, they anticipate the company's share price to reach $34.00 in the next year. This suggests a possible upside of 61.0% from the stock's current price.
View analysts price targets for CAL or view top-rated stocks among Wall Street analysts.

Caleres' stock was trading at $22.28 at the start of the year. Since then, CAL shares have decreased by 5.2% and is now trading at $21.12.
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Caleres saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,110,000 shares, an increase of 12.3% from the February 13th total of 2,770,000 shares. Based on an average daily volume of 671,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 9.2% of the company's stock are sold short.
View Caleres' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) posted its earnings results on Tuesday, March, 14th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The textile maker had revenue of $696.40 million for the quarter, compared to the consensus estimate of $691.56 million. Caleres had a net margin of 6.12% and a trailing twelve-month return on equity of 42.45%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS.

Caleres announced a quarterly dividend on Thursday, March 9th. Stockholders of record on Thursday, March 23rd will be given a dividend of $0.07 per share on Thursday, April 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, March 22nd.
Read our dividend analysis for CAL.

ETFs with the largest weight of Caleres (NYSE:CAL) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Direxion Daily Retail Bull 3X Shares (RETL), Cambria Shareholder Yield ETF (SYLD), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap 600 Pure Value ETF (RZV), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and iShares US Small Cap Value Factor ETF (SVAL).

Caleres (NYSE:CAL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.33%. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 6.09% 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 first quarter 2023 earnings guidance on Tuesday, March, 14th. The company provided EPS guidance of $0.92-$0.97 for the period, compared to the consensus earnings per share estimate of $1.23. The company issued revenue guidance of $691.01 million-$705.71 million, compared to the consensus revenue estimate of $749.28 million.

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 a variety of retail and institutional investors. Top institutional investors include Moneta Group Investment Advisors LLC (90.49%), Principal Financial Group Inc. (7.11%), Dimensional Fund Advisors LP (4.96%), Paradigm Capital Management Inc. NY (2.92%), Neuberger Berman Group LLC (2.43%) and Boston Partners (2.38%). Insiders that own company stock include Carla C Hendra, Daniel R Freidman, Diane M Sullivan, Diane M Sullivan, Douglas Koch, Ken Hannah, Todd E Hasty and Willis Hill.
View institutional ownership trends.

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 $21.12.

Caleres (NYSE:CAL) has a market capitalization of $752.21 million and generates $2.97 billion in revenue each year. The textile maker earns $181.74 million in net income (profit) each year or $4.91 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.