Seaport Res Ptn Weighs in on Caleres FY2028 Earnings

Caleres, Inc. (NYSE:CAL) – Analysts at Seaport Res Ptn issued their FY2028 earnings per share estimates for shares of Caleres in a research report issued on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz expects that the textile maker will earn $4.06 per share for the year. The consensus estimate for Caleres’ current full-year earnings is $3.23 per share.

Separately, Loop Capital cut their price target on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

Caleres Price Performance

Shares of NYSE CAL opened at $15.48 on Friday. The stock’s 50-day moving average is $18.11 and its two-hundred day moving average is $26.45. Caleres has a 1-year low of $15.00 and a 1-year high of $44.51. The company has a market cap of $520.71 million, a price-to-earnings ratio of 3.45 and a beta of 1.82.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Caleres’s dividend payout ratio is currently 6.24%.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Trading of Caleres

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Caleres by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,223,343 shares of the textile maker’s stock valued at $74,653,000 after purchasing an additional 50,041 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Caleres by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,049,895 shares of the textile maker’s stock valued at $47,475,000 after purchasing an additional 167,326 shares during the period. Principal Financial Group Inc. boosted its position in shares of Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock valued at $60,648,000 after purchasing an additional 56,346 shares during the period. State Street Corp boosted its position in shares of Caleres by 3.1% in the 3rd quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock valued at $50,233,000 after purchasing an additional 46,230 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in shares of Caleres in the 3rd quarter valued at about $49,783,000. 98.44% of the stock is owned by institutional investors and hedge funds.

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.