Caleres (CAL) Stock Price, News & Analysis

Company Overview

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. Martens, Asics, Timberland, Bearpaw, Skechers, HeyDude, Franco Sarto, Rykä, Vince, Bzees, Veronica Beard, and Zodiac brands, as well as company-owned and licensed brands, such as LifeStride, Dr. Scholl's Shoes, Blowfish Malibu, and Naturalizer. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, samedelman.co.uk, allenedmonds.com, allenedmonds.ca, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, manufactures, and markets footwear to retail stores, such as online retailers, national chains, department stores, mass merchandisers, and independent retailers. Further, the company wholesales men's footwear, apparel, leather goods, and accessories under the Allen Edmonds brand; footwear for women under LifeStride brand; Italian footwear Franco Sarto brand; athletic footwear for women under the Rykä brand; women's shoe collection under the Vince brand; women's footwear under the Bzees brand; and women's footwear collection under Veronica Beard brand. The company was formerly known as Brown Shoe Company, Inc. and changed its name to Caleres, Inc. in May 2015. Caleres, Inc. was founded in 1878 and is headquartered in Saint Louis, Missouri.

Key Stats

• Today's Range: $22.07 to $23.88
• 50-Day Range: $22.45 to $33.92
• 52-Week Range: $22.07 to $44.51
• Volume: 3.05 million shs
• Average Volume: 568,706 shs
• Market Capitalization: $791.29 million
• P/E Ratio: 5.24
• Dividend Yield: 1.19%
• Price Target: $30.00
• Consensus Rating: Hold

Caleres Stock Analysis - MarketRank™

Caleres scored higher than 86% of companies evaluated by MarketBeat, and ranked 56th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Caleres has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Caleres has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.43%

Earnings Growth

Earnings for Caleres are expected to grow by 15.43% in the coming year, from $3.50 to $4.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Caleres is 5.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Caleres is 5.24, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.33.

Price to Book Value per Share Ratio

Caleres has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.61% of the float of Caleres has been sold short.

Short Interest Ratio / Days to Cover

Caleres has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Caleres has recently increased by 4.19%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Caleres pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Caleres does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Caleres is 6.24%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Caleres will have a dividend payout ratio of 6.93% next year. This indicates that Caleres will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.2 / 5
• Environmental Score: -4.03

Percentage of Shares Shorted

6.61% of the float of Caleres has been sold short.

Short Interest Ratio / Days to Cover

Caleres has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Caleres has recently increased by 4.19%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.37

News Sentiment

Caleres has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Caleres this week, compared to 6 articles on an average week.

MarketBeat Follows

Only 1 people have added Caleres to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Caleres insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.80% of the stock of Caleres is held by insiders.

Percentage Held by Institutions

98.44% of the stock of Caleres is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CAL Stock Analysis - Frequently Asked Questions

How have CAL shares performed this year?

Caleres' stock was trading at $30.73 at the beginning of 2024. Since then, CAL stock has decreased by 23.4% and is now trading at $23.53.
View the best growth stocks for 2024 here.

How were Caleres' earnings last quarter?

Caleres, Inc. (NYSE:CAL) posted its quarterly earnings results on Thursday, December, 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by $0.15. The company's revenue for the quarter was down 2.8% on a year-over-year basis.

Who are Caleres' major shareholders?

Top institutional shareholders of Caleres include Principal Financial Group Inc. (5.21%), Principal Financial Group Inc. (5.46%), State Street Corp (4.32%) and Pacer Advisors Inc. (4.28%). Insiders that own company stock include John W Schmidt, Diane M Sullivan, Daniel R Freidman, Douglas Koch, Willis Hill, Mark A Schmitt, Todd E Hasty and Carla C Hendra.
View institutional ownership trends.

How do I buy shares of Caleres?

Shares of CAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Caleres own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Caleres investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 12/05/2024
• Today: 12/21/2024
• Ex-Dividend for 1/10 Dividend: 12/27/2024
• Dividend Payable: 1/10/2025
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Footwear, except rubber
• Sub-Industry: Apparel Retail
• Current Symbol: NYSE:CAL
• Previous Symbol: NYSE:BWS
• CUSIP: 11573610
• CIK: 14707
• Web: www.caleres.com
• Phone: (314) 854-4000
• Fax: 314-854-4274
• Employees: 9,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $35.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +27.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 5.24
• Forward P/E Ratio: 6.72
• P/E Growth: N/A
• Net Income: $171.39 million
• Net Margins: 5.69%
• Pretax Margin: 5.84%
• Return on Equity: 22.71%
• Return on Assets: 7.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.08
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $2.78 billion
• Price / Sales: 0.28
• Cash Flow: $5.16 per share
• Price / Cash Flow: 4.56
• Book Value: $17.22 per share
• Price / Book: 1.37

Miscellaneous

• Outstanding Shares: 33,629,000
• Free Float: 33,863,000
• Market Cap: $791.29 million
• Optionable: Optionable
• Beta: 1.92