Today, Caleres Inc. (CAL) Forecasted to Post Q4 2017 Earnings of $0.42 Per Share

Today, Caleres Inc. (CAL) Forecasted to Post Q4 2017 Earnings of $0.42 Per Share
Caleres Inc. (NYSE:CAL) – Jefferies Group upped their Q4 2017 earnings estimates for shares of Caleres in a research note issued on Wednesday. Jefferies Group analyst R. Konik now anticipates that the firm will earn $0.42 per share for the quarter, up from their prior forecast of $0.32. Jefferies Group currently has a “Hold” rating and a $27.00 target price on the stock.

Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Susquehanna started coverage on Caleres in a research note on Friday, September 16th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley reiterated a “hold” rating and issued a $30.00 price objective on shares of Caleres in a research note on Wednesday, September 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.17.

Shares of Caleres (NYSE:CAL) traded up 1.72% during midday trading on Thursday, hitting $33.05. The company’s stock had a trading volume of 400,753 shares. Caleres has a 52-week low of $21.27 and a 52-week high of $33.70. The stock’s 50 day moving average is $26.39 and its 200-day moving average is $25.23. The firm has a market cap of $1.42 billion, a P/E ratio of 17.49 and a beta of 0.52.

Caleres (NYSE:CAL) last issued its earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. The firm had revenue of $732.20 million for the quarter, compared to the consensus estimate of $734.09 million. Caleres had a return on equity of 13.76% and a net margin of 3.28%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.

Large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in Caleres by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,690 shares of the company’s stock valued at $245,000 after buying an additional 160 shares in the last quarter. PineBridge Investments L.P. increased its stake in Caleres by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,537 shares of the company’s stock valued at $134,000 after buying an additional 199 shares in the last quarter. Arizona State Retirement System increased its stake in Caleres by 0.9% in the second quarter. Arizona State Retirement System now owns 22,642 shares of the company’s stock valued at $548,000 after buying an additional 200 shares in the last quarter. US Bancorp DE increased its stake in Caleres by 2.2% in the second quarter. US Bancorp DE now owns 10,500 shares of the company’s stock valued at $254,000 after buying an additional 225 shares in the last quarter. Finally, FineMark National Bank & Trust increased its stake in Caleres by 0.3% in the third quarter. FineMark National Bank & Trust now owns 123,528 shares of the company’s stock valued at $3,124,000 after buying an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 85.04% of the company’s stock.

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