Caleres Inc. (NYSE:CAL) – Northcoast Research boosted their FY2017 earnings estimates for shares of Caleres in a report issued on Wednesday. Northcoast Research analyst J. Stein now expects that the firm will post earnings per share of $2.02 for the year, up from their previous estimate of $2.01. Northcoast Research also issued estimates for Caleres’ Q4 2017 earnings at $0.36 EPS, Q3 2018 earnings at $0.88 EPS and Q4 2018 earnings at $0.38 EPS.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Caleres had a net margin of 3.28% and a return on equity of 13.76%. The business earned $732.20 million during the quarter, compared to the consensus estimate of $734.09 million. During the same quarter last year, the firm posted $0.80 EPS. Caleres’s revenue was up .5% compared to the same quarter last year.

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Earnings History and Estimates for Caleres (NYSE:CAL)

CAL has been the subject of a number of other research reports. Jefferies Group restated a “hold” rating and set a $27.00 target price (up previously from $24.00) on shares of Caleres in a report on Wednesday, November 23rd. Zacks Investment Research cut Caleres from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Susquehanna initiated coverage on Caleres in a research note on Friday, September 16th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $30.00 price target on shares of Caleres in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Caleres has an average rating of “Buy” and an average target price of $29.50.

Caleres (NYSE:CAL) traded up 1.14% during mid-day trading on Monday, reaching $32.92. 39,848 shares of the company traded hands. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.07 and a beta of 0.52. Caleres has a 12-month low of $21.27 and a 12-month high of $33.70. The company’s 50-day moving average is $26.59 and its 200-day moving average is $25.33.

Several large investors have recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC boosted its stake in Caleres by 466.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,250 shares of the company’s stock worth $103,000 after buying an additional 3,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Caleres by 408.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,807 shares of the company’s stock worth $122,000 after buying an additional 3,862 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Caleres by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,537 shares of the company’s stock worth $134,000 after buying an additional 199 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Caleres by 22.8% in the second quarter. Teacher Retirement System of Texas now owns 6,250 shares of the company’s stock worth $151,000 after buying an additional 1,159 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Caleres by 141.0% in the second quarter. Quantbot Technologies LP now owns 7,126 shares of the company’s stock worth $172,000 after buying an additional 4,169 shares in the last quarter. 85.29% of the stock is currently owned by hedge funds and other institutional investors.

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Caleres Company Profile

Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.

5 Day Chart for NYSE:CAL

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