1 week Ago By ABMN Staff
Caleres, Inc. ( NYSE:CAL – Get Free Report )’s share price reached a new 52-week low on Friday . The company traded as low as $21.
93 and last traded at $21.93, with a volume of 82579 shares changing hands. The stock had previously closed at $22.
49. Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on CAL. Loop Capital decreased their price objective 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. StockNews.
com downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Read Our Latest Analysis on CAL Caleres Trading Down 2.8 % Caleres ( NYSE:CAL – Get Free Report ) last released 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 firm had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.
35 million. Caleres had a net margin of 5.69% and a return on equity of 22.
71%. The firm’s revenue was down 2.8% on a year-over-year basis.
During the same quarter last year, the company earned $1.37 earnings per share. On average, equities research analysts anticipate that Caleres, Inc.
will post 3.5 EPS for the current year. Caleres Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th.
Shareholders of record on Friday, December 27th will be given a $0.07 dividend. This represents a $0.
28 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 27th.
Caleres’s dividend payout ratio is currently 6.24%. Institutional Investors Weigh In On Caleres Several hedge funds and other institutional investors have recently modified their holdings of CAL.
nVerses Capital LLC lifted its stake in shares of Caleres by 125.0% in the third quarter. nVerses Capital LLC now owns 2,700 shares of the textile maker’s stock valued at $89,000 after buying an additional 1,500 shares during the period.
Creative Planning bought a new stake in shares of Caleres in the 3rd quarter worth approximately $204,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Caleres during the 3rd quarter worth approximately $228,000. AXA S.
A. grew its holdings in shares of Caleres by 28.5% during the 2nd quarter.
AXA S.A. now owns 6,939 shares of the textile maker’s stock worth $233,000 after purchasing an additional 1,540 shares in the last quarter.
Finally, Allspring Global Investments Holdings LLC increased its position in shares of Caleres by 31,308.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,224 shares of the textile maker’s stock valued at $243,000 after purchasing an additional 7,201 shares during the period.
Institutional investors and hedge funds own 98.44% of the company’s stock. Caleres Company Profile ( Get Free Report ) 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.
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