Caleres Inc. (NYSE:CAL) – Analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for Caleres in a report issued on Tuesday. Jefferies Group analyst R. Konik now expects that the firm will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.87. Jefferies Group also issued estimates for Caleres’ FY2017 earnings at $2.02 EPS and FY2018 earnings at $2.27 EPS.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Caleres had a return on equity of 13.87% and a net margin of 3.26%. The company had revenue of $622.94 million for the quarter, compared to analysts’ expectations of $638.71 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis.
CAL has been the topic of several other research reports. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Morgan Stanley reissued a “hold” rating and set a $30.00 price objective on shares of Caleres in a research note on Wednesday, September 7th. Finally, Susquehanna started coverage on shares of Caleres in a research note on Friday, September 16th. They set a “neutral” rating and a $25.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Caleres presently has a consensus rating of “Hold” and a consensus price target of $27.67.
Shares of Caleres (NYSE:CAL) traded down 1.73% during midday trading on Wednesday, hitting $26.18. 165,006 shares of the stock traded hands. The company’s 50-day moving average is $25.32 and its 200 day moving average is $25.15. Caleres has a 52 week low of $21.27 and a 52 week high of $31.82. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.85 and a beta of 0.80.
Several hedge funds and other institutional investors have recently modified their holdings of CAL. Paradigm Asset Management Co. LLC boosted its position in Caleres by 466.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,250 shares of the company’s stock valued at $103,000 after buying an additional 3,500 shares during the last quarter. PineBridge Investments L.P. boosted its position 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 during the last quarter. Teacher Retirement System of Texas boosted its position in Caleres by 22.8% in the second quarter. Teacher Retirement System of Texas now owns 6,250 shares of the company’s stock valued at $151,000 after buying an additional 1,159 shares during the last quarter. Quantbot Technologies LP boosted its position in Caleres by 141.0% in the second quarter. Quantbot Technologies LP now owns 7,126 shares of the company’s stock valued at $172,000 after buying an additional 4,169 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in Caleres during the second quarter valued at $207,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.07%. Caleres’s dividend payout ratio is presently 14.66%.
Caleres Company Profile