Seaport Res Ptn Forecasts Caleres FY2028 Earnings

Caleres, Inc. (NYSE:CAL - Free Report) - Stock analysts at Seaport Res Ptn issued their FY2028 earnings estimates for Caleres in a research report issued on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz forecasts that the textile maker will post earnings of $4.06 per share for the year. The consensus estimate for Caleres' current full-year earnings is $3.23 per share.

Separately, Loop Capital reduced their price target on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a report on Friday, December 6th.

Caleres Stock Performance

Shares of CAL traded down $0.14 during midday trading on Friday, hitting $16.24. 745,240 shares of the stock traded hands, compared to its average volume of 627,771. Caleres has a 1-year low of $15.00 and a 1-year high of $44.51. The firm has a market capitalization of $545.97 million, a PE ratio of 3.62 and a beta of 1.82. The business's 50 day moving average price is $18.00 and its two-hundred day moving average price is $26.03.

Institutional Investors Weigh In On Caleres

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Caleres by 108.8% during the third quarter. Barclays PLC now owns 55,776 shares of the textile maker's stock valued at $1,843,000 after purchasing an additional 29,057 shares in the last quarter. FMR LLC raised its stake in shares of Caleres by 30.1% during the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after purchasing an additional 215,372 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Caleres by 314.6% during the fourth quarter. Empowered Funds LLC now owns 156,312 shares of the textile maker's stock valued at $3,620,000 after purchasing an additional 118,611 shares in the last quarter. Royce & Associates LP raised its stake in shares of Caleres by 13.8% during the third quarter. Royce & Associates LP now owns 631,810 shares of the textile maker's stock valued at $20,881,000 after purchasing an additional 76,837 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Caleres by 3.6% in the third quarter. Geode Capital Management LLC now owns 792,057 shares of the textile maker's stock worth $26,183,000 after acquiring an additional 27,291 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Kyle Gendreau acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $99,650. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company's stock.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, March 27th. Caleres's dividend payout ratio (DPR) is 6.24%.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.