Caleres (NYSE:CAL – Get Rating) will release its earnings data after the market closes on Tuesday, May 24th. Analysts expect Caleres to post earnings of $0.82 per share for the quarter. Caleres has set its FY 2022 guidance at $3.750-$4.000 EPS and its FY23 guidance at $3.75-4.00 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Caleres (NYSE:CAL – Get Rating) last issued its quarterly earnings results on Tuesday, March 15th. The textile maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.24. The business had revenue of $679.28 million during the quarter, compared to the consensus estimate of $680.15 million. Caleres had a return on equity of 61.12% and a net margin of 4.93%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. On average, analysts expect Caleres to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE CAL opened at $24.61 on Tuesday. The company has a market cap of $934.44 million, a PE ratio of 6.93 and a beta of 2.09. The business has a 50-day simple moving average of $21.62 and a two-hundred day simple moving average of $22.73. Caleres has a fifty-two week low of $17.82 and a fifty-two week high of $29.36.
Several brokerages have weighed in on CAL. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. StockNews.com upgraded Caleres from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 11th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Caleres currently has a consensus rating of “Buy” and an average price target of $33.00.
In related news, Director Carla C. Hendra sold 3,261 shares of Caleres stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $20.74, for a total transaction of $67,633.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Todd E. Hasty purchased 2,500 shares of Caleres stock in a transaction that occurred on Thursday, March 17th. The shares were bought at an average price of $21.00 per share, with a total value of $52,500.00. The disclosure for this purchase can be found here. Company insiders own 4.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in Caleres by 30.4% during the first quarter. Captrust Financial Advisors now owns 5,467 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 1,275 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Caleres in the first quarter valued at approximately $255,000. Prelude Capital Management LLC purchased a new stake in shares of Caleres in the first quarter valued at approximately $355,000. Renaissance Technologies LLC purchased a new stake in shares of Caleres in the first quarter valued at approximately $363,000. Finally, MetLife Investment Management LLC increased its position in shares of Caleres by 53.3% in the first quarter. MetLife Investment Management LLC now owns 20,589 shares of the textile maker’s stock valued at $398,000 after buying an additional 7,161 shares in the last quarter. Institutional investors own 81.45% of the company’s stock.
About Caleres (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Caleres (CAL)
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