Caleres (NYSE:CAL) Issues FY 2022 Earnings Guidance

Caleres (NYSE:CALGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.30-$4.40 for the period, compared to the consensus estimate of $4.30. The company issued revenue guidance of $2.89 billion-$2.94 billion, compared to the consensus revenue estimate of $2.93 billion.

Caleres Trading Down 0.5 %

Shares of CAL stock opened at $27.48 on Tuesday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 5.37 and a beta of 1.76. The stock has a 50 day simple moving average of $25.82 and a 200-day simple moving average of $26.40. Caleres has a 12-month low of $17.82 and a 12-month high of $31.13.

Caleres (NYSE:CALGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The textile maker reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.06. The firm had revenue of $738.33 million during the quarter, compared to the consensus estimate of $736.05 million. Caleres had a return on equity of 57.75% and a net margin of 6.65%. During the same period last year, the business posted $1.19 EPS. On average, equities analysts forecast that Caleres will post 4.28 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, September 8th. Caleres’s payout ratio is 5.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CAL shares. CL King dropped their price target on Caleres from $37.00 to $35.00 in a research report on Thursday, November 17th. StockNews.com started coverage on Caleres in a report on Wednesday, October 12th. They issued a buy rating on the stock. Piper Sandler started coverage on Caleres in a report on Tuesday, October 25th. They issued a neutral rating and a $28.00 target price on the stock. Finally, TheStreet cut Caleres from a b- rating to a c rating in a report on Friday, August 26th.

Insider Buying and Selling at Caleres

In other Caleres news, CEO Diane M. Sullivan sold 2,440 shares of Caleres stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $26.32, for a total value of $64,220.80. Following the completion of the transaction, the chief executive officer now directly owns 180,236 shares in the company, valued at $4,743,811.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Diane M. Sullivan sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $27.52, for a total transaction of $178,880.00. Following the completion of the transaction, the chief executive officer now directly owns 208,736 shares in the company, valued at $5,744,414.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Diane M. Sullivan sold 2,440 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $26.32, for a total value of $64,220.80. Following the completion of the sale, the chief executive officer now owns 180,236 shares of the company’s stock, valued at $4,743,811.52. The disclosure for this sale can be found here. Insiders sold a total of 25,520 shares of company stock worth $692,710 over the last ninety days. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Caleres

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in shares of Caleres by 30.4% in the first quarter. Captrust Financial Advisors now owns 5,467 shares of the textile maker’s stock valued at $106,000 after buying an additional 1,275 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Caleres by 523.5% in the first quarter. Point72 Hong Kong Ltd now owns 9,191 shares of the textile maker’s stock valued at $178,000 after buying an additional 7,717 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Caleres in the first quarter valued at $255,000. Twinbeech Capital LP bought a new position in shares of Caleres in the third quarter valued at $268,000. Finally, Trexquant Investment LP bought a new position in shares of Caleres in the third quarter valued at $352,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.

Caleres Company Profile

(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.

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Earnings History and Estimates for Caleres (NYSE:CAL)

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