Caleres (CAL) Stock Price, News & Analysis

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caleres in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CAL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAL, but not buy additional shares or sell existing shares.
View CAL analyst ratings or view top-rated stocks.

3 analysts have issued 1-year target prices for Caleres' stock. Their CAL share price targets range from $35.00 to $45.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 14.8% 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 $30.73 at the beginning of 2024. Since then, CAL shares have increased by 13.4% and is now trading at $34.85.
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Caleres saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,620,000 shares, an increase of 9.5% from the February 29th total of 4,220,000 shares. Based on an average daily volume of 382,500 shares, the short-interest ratio is currently 12.1 days. Currently, 13.6% of the shares of the stock are sold short.
View Caleres' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our CAL earnings forecast.

Caleres, Inc. (NYSE:CAL) issued its quarterly earnings results on Tuesday, March, 19th. The textile maker reported $0.86 earnings per share for the quarter, hitting analysts' consensus estimates of $0.86. The textile maker had revenue of $697.10 million for the quarter, compared to the consensus estimate of $694.32 million. Caleres had a net margin of 6.10% and a trailing twelve-month return on equity of 29.77%. The company's revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS.

Caleres announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.07 per share on Friday, April 12th. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for CAL.

Caleres (NYSE:CAL) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 5.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAL will have a dividend payout ratio of 5.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAL.

ETFs with the largest weight of Caleres (NYSE:CAL) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM), First Trust Active Factor Small Cap ETF (AFSM), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).iShares Micro-Cap ETF (IWC).

Caleres issued an update on its first quarter 2024 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $662.7 million-$669.4 million, compared to the consensus revenue estimate of $682.4 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).

Shares of CAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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