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

Brokerages expect Caleres Inc (NYSE:CAL) to report sales of $698.60 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Caleres’ earnings, with estimates ranging from $698.00 million to $699.20 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 firm is scheduled to issue its next quarterly earnings report on Thursday, March 15th.

On average, analysts expect that Caleres will report full-year sales of $698.60 million for the current year. For the next financial year, analysts forecast that the company will report 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 research analysts that that provide coverage for Caleres.

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

CAL has been the topic of several recent analyst reports. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Wedbush restated an “outperform” rating and set a $32.00 price objective on shares of Caleres in a research note on Wednesday, November 22nd. Susquehanna Bancshares restated a “buy” rating and set a $32.00 price objective on shares of Caleres in a research note on Wednesday, November 22nd. Finally, UBS Group lowered Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Caleres presently has an average rating of “Buy” and an average target price of $33.17.

Shares of Caleres (CAL) opened at $28.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. The company has a market capitalization of $1,269.17, a price-to-earnings ratio of 14.69, a P/E/G ratio of 1.07 and a beta of 1.05. Caleres has a 52 week low of $22.39 and a 52 week high of $34.34.

In related news, insider Daniel R. Freidman sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.45, for a total transaction of $284,500.00. Following the transaction, the insider now directly owns 79,435 shares in the company, valued at $2,259,925.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Diane M. Sullivan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total value of $510,000.00. Following the transaction, the chief executive officer now owns 609,578 shares in the company, valued at $20,725,652. The disclosure for this sale can be found here. Insiders sold 66,100 shares of company stock worth $2,144,427 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CAL. YorkBridge Wealth Partners LLC bought a new stake in Caleres during the 3rd quarter worth approximately $183,000. Verition Fund Management LLC acquired a new position in shares of Caleres in the 2nd quarter valued at $229,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Caleres in the 4th quarter valued at $234,000. Fox Run Management L.L.C. acquired a new position in shares of Caleres in the 3rd quarter valued at $244,000. Finally, Cubist Systematic Strategies LLC raised its stake in Caleres by 440.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after buying an additional 8,443 shares during the period. Institutional investors own 86.05% of the company’s stock.

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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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