What to expect from Caleres Inc. (NYE:CAL) quarterly earnings announcement?
Caleres Inc. (NYE:CAL), the footwear and accessories company, is set to announce its earnings results for the quarter on Tuesday, March 14th. Analysts predict earnings of $0.59 per share for the quarter. CAL opened at $25.16 on Tuesday, with a market capitalization of $896.10 million, a P/E ratio of 5.40, and a beta of 1.75. The company has a 12-month low of $17.82 and a high of $31.13. Caleres Inc. (NYE:CAL) recently paid a quarterly dividend of $0.07 per share, representing a dividend yield of 1.11%. Several analysts have recently issued reports on the company, with CL King reducing its target price from $37.00 to $35.00, Piper Sandler upgrading the company from a “neutral” rating to an “overweight” rating and increasing their price objective for the stock from $26.00 to $35.00, and StockNews.com upgrade Caleres Inc. from a “hold” rating to a “buy” rating. Meanwhile, insider Diane M. Sullivan sold 24,580 shares of company stock worth $659,476 over the last ninety days. The company’s institutional investors include Moneta Group Investment Advisors LLC, BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, and Neuberger Berman Group LLC, who collectively own 87.46% of the company’s stock.
Caleres Inc Stock Analysis
According to the forecasts of four analysts, the expected average target price for Caleres Inc. over the next 12 months is USD 31.20, with an average analyst rating of Buy. Stock Target Advisor has conducted its own analysis of Caleres Inc’s stock and deemed it to be Slightly Bullish, based on four positive signals and two negative signals. As of the last closing, Caleres Inc’s stock price was USD 25.16, representing a change of -0.67% over the past week, -0.36% over the past month, and a significant increase of +29.89% over the last year.
Company Overview
Caleres, Inc. is a US-based footwear retailer and wholesaler that operates in North America and China. It has two segments – Famous Footwear and Brand Portfolio. The company offers licensed, branded, and private-label footwear products to men, women, and children. It also designs, sources, manufactures, and markets footwear to various retail stores. The company operates nearly 980 retail stores and sells products through various websites. It was formerly known as Brown Shoe Company, Inc. and was founded in 1878.
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