FY2018 EPS Estimates for Caleres, Inc. Reduced by Jefferies Group (CAL)
Caleres, Inc. (NYSE:CAL) – Equities research analysts at Jefferies Group cut their FY2018 earnings per share estimates for shares of Caleres in a report released on Wednesday. Jefferies Group analyst R. Konik now anticipates that the textile maker will earn $2.12 per share for the year, down from their prior forecast of $2.17. Jefferies Group also issued estimates for Caleres’ Q4 2018 earnings at $0.44 EPS.
Caleres (NYSE:CAL) last issued its earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The business had revenue of $774.66 million during 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%. Caleres’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday. Susquehanna Bancshares Inc reissued a “buy” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday. Finally, Macquarie reissued an “outperform” rating and issued a $37.00 price objective on shares of Caleres in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.17.
Shares of Caleres (NYSE:CAL) traded down $0.58 during midday trading on Thursday, hitting $29.83. 245,875 shares of the stock were exchanged, compared to its average volume of 332,408. The firm has a market capitalization of $1,260.00, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.38. Caleres has a 1-year low of $22.39 and a 1-year high of $36.61.
In other Caleres news, SVP Douglas Koch sold 33,400 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the transaction, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CAL. Pacad Investment Ltd. acquired a new stake in shares of Caleres during the second quarter worth about $142,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of Caleres during the third quarter worth about $183,000. LaSalle Street Capital Management LLC acquired a new stake in shares of Caleres during the second quarter worth about $201,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Caleres during the second quarter worth about $204,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Caleres during the second quarter worth about $229,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.
Caleres Company Profile
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.
Receive News & Ratings for Caleres Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.