Equities analysts expect Caleres Inc (NYSE:CAL) to post $698.60 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Caleres’ earnings. The highest sales estimate is $699.20 million and the lowest is $698.00 million. Caleres reported sales of $639.49 million during the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The firm is expected to report its next earnings report on Thursday, March 15th.

On average, analysts expect that Caleres will report full-year sales of $698.60 million for the current financial year. For the next year, analysts anticipate that the company will post sales of $2.89 billion per share, with estimates ranging from $2.83 billion to $2.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Caleres.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share.

CAL has been the topic of a number of research reports. Zacks Investment Research downgraded Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Wedbush restated an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Susquehanna Bancshares restated a “buy” rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Finally, UBS Group downgraded Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Caleres presently has an average rating of “Buy” and an average target price of $33.17.

Caleres (NYSE:CAL) opened at $28.96 on Tuesday. The company has a market capitalization of $1,269.17, a PE ratio of 14.69, a PEG ratio of 1.07 and a beta of 1.05. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. Caleres has a twelve month low of $22.39 and a twelve month high of $34.34.

In related news, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $32.57, for a total transaction of $850,077.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard M. Ausick sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total value of $334,500.00. Following the sale, the insider now owns 90,834 shares in the company, valued at $3,038,397.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,100 shares of company stock worth $2,144,427. Company insiders own 6.20% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. LSV Asset Management raised its holdings in shares of Caleres by 5.1% during the 4th quarter. LSV Asset Management now owns 35,200 shares of the textile maker’s stock valued at $1,178,000 after buying an additional 1,700 shares during the period. American International Group Inc. raised its holdings in shares of Caleres by 5.7% during the 3rd quarter. American International Group Inc. now owns 33,441 shares of the textile maker’s stock valued at $1,021,000 after buying an additional 1,800 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Caleres by 3.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 54,590 shares of the textile maker’s stock valued at $1,828,000 after buying an additional 1,840 shares during the period. Swiss National Bank raised its holdings in shares of Caleres by 4.1% during the 4th quarter. Swiss National Bank now owns 73,200 shares of the textile maker’s stock valued at $2,451,000 after buying an additional 2,900 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Caleres by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 80,208 shares of the textile maker’s stock valued at $2,229,000 after buying an additional 3,686 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

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About Caleres

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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Earnings History and Estimates for Caleres (NYSE:CAL)

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