Q4 2018 EPS Estimates for Caleres, Inc. (CAL) Boosted by Jefferies Group
Caleres, Inc. (NYSE:CAL) – Analysts at Jefferies Group upped their Q4 2018 earnings per share (EPS) estimates for Caleres in a research note issued to investors on Wednesday. Jefferies Group analyst R. Konik now expects that the textile maker will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.35. Jefferies Group also issued estimates for Caleres’ FY2019 earnings at $2.45 EPS.
A number of other equities research analysts also recently weighed in on CAL. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. UBS AG upgraded Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price target on the stock in a research report on Tuesday, May 30th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Caleres has an average rating of “Buy” and an average target price of $31.40.
Caleres (CAL) traded up 2.93% during trading on Thursday, reaching $27.77. 297,694 shares of the company traded hands. Caleres has a 12 month low of $22.39 and a 12 month high of $36.61. The company’s 50-day moving average is $26.05 and its 200 day moving average is $27.24. The company has a market cap of $1.19 billion, a PE ratio of 19.75 and a beta of 1.06.
Caleres (NYSE:CAL) last released its earnings results on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $677 million during the quarter, compared to analysts’ expectations of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Caleres by 2,000.9% in the first quarter. Bank of Montreal Can now owns 67,228 shares of the textile maker’s stock worth $1,776,000 after buying an additional 64,028 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Caleres by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 17,500 shares of the textile maker’s stock worth $462,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Caleres by 35.1% in the first quarter. Nationwide Fund Advisors now owns 138,461 shares of the textile maker’s stock worth $3,658,000 after buying an additional 35,983 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Caleres by 13.7% in the first quarter. Strs Ohio now owns 33,300 shares of the textile maker’s stock worth $879,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 86.31% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, September 15th. Caleres’s payout ratio is currently 19.86%.
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.
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