$698.60 Million in Sales Expected for Caleres, Inc. (CAL) This Quarter

Equities research analysts expect Caleres, Inc. (NYSE:CAL) to announce sales of $698.60 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Caleres’ earnings, with the highest sales estimate coming in at $699.20 million and the lowest estimate coming in at $698.00 million. Caleres posted sales of $639.49 million in the same quarter last year, which suggests a positive year over year growth rate of 9.2%. The company is expected to announce its next earnings report on Thursday, March 15th.

According to Zacks, analysts expect that Caleres will report full year sales of $698.60 million for the current financial year. For the next year, analysts expect that the company will post sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Caleres.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis.

A number of research analysts have weighed in on CAL shares. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Susquehanna Bancshares reaffirmed a “buy” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Wedbush reaffirmed an “outperform” rating and set a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Macquarie reaffirmed an “outperform” rating and set a $37.00 target price on shares of Caleres in a report on Sunday, October 1st. Finally, ValuEngine raised Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $33.17.

In other Caleres news, CEO Diane M. Sullivan sold 26,100 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard M. Ausick sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $33.45, for a total value of $334,500.00. Following the completion of the sale, the insider now directly owns 90,834 shares of the company’s stock, valued at approximately $3,038,397.30. The disclosure for this sale can be found here. Insiders have sold 56,100 shares of company stock valued at $1,859,927 in the last three months. 6.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CAL. American International Group Inc. lifted its position in Caleres by 5.7% in the third quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock valued at $1,021,000 after purchasing an additional 1,800 shares during the last quarter. Wells Fargo & Company MN lifted its position in Caleres by 4.8% in the second quarter. Wells Fargo & Company MN now owns 80,208 shares of the textile maker’s stock valued at $2,229,000 after purchasing an additional 3,686 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Caleres by 37.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,110 shares of the textile maker’s stock valued at $475,000 after purchasing an additional 4,653 shares during the last quarter. LaSalle Street Capital Management LLC lifted its position in Caleres by 65.0% in the third quarter. LaSalle Street Capital Management LLC now owns 11,949 shares of the textile maker’s stock valued at $365,000 after purchasing an additional 4,707 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Caleres in the second quarter valued at approximately $142,000. 86.53% of the stock is owned by institutional investors and hedge funds.

Shares of Caleres (CAL) opened at $32.27 on Tuesday. Caleres has a 52 week low of $22.39 and a 52 week high of $34.34. The stock has a market capitalization of $1,387.80, a PE ratio of 23.05, a P/E/G ratio of 1.38 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 22nd. Caleres’s payout ratio is 20.00%.

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About Caleres

Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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