Caleres Inc (NYSE:CAL) – Equities research analysts at Jefferies Group boosted their Q4 2017 earnings estimates for Caleres in a research note issued to investors on Wednesday. Jefferies Group analyst R. Konik now expects that the firm will post earnings of $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.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Susquehanna began coverage on Caleres in a research note on Friday, September 16th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Morgan Stanley reissued a “hold” rating and issued a $30.00 price target 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.17.
Shares of Caleres (NYSE:CAL) traded up 1.08% during midday trading on Thursday, reaching $32.84. The company’s stock had a trading volume of 79,821 shares. The stock has a market cap of $1.41 billion, a PE ratio of 17.38 and a beta of 0.52. The firm has a 50-day moving average of $26.19 and a 200-day moving average of $25.17. Caleres has a one year low of $21.27 and a one year high of $33.47.
Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The company earned $732.20 million during 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS.
Several large investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in shares of Caleres during the second quarter valued at about $545,000. State of New Jersey Common Pension Fund D increased its stake in shares of Caleres by 12.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the company’s stock valued at $2,118,000 after buying an additional 10,000 shares during the period. Quantbot Technologies LP increased its stake in shares of 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 period. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Caleres by 50.0% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 45,445 shares of the company’s stock valued at $1,100,000 after buying an additional 15,146 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of Caleres during the second quarter valued at about $879,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.
Caleres Company Profile
Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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