Caleres Inc. (NYSE:CAL) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02. The company issued revenue guidance of $2.57-2.60 billion, compared to the consensus revenue estimate of $2.57 billion.

CAL has been the topic of several analyst reports. Susquehanna initiated coverage on Caleres in a report on Friday, September 16th. They issued a neutral rating and a $25.00 price objective on the stock. Morgan Stanley reiterated a hold rating and issued a $30.00 price objective on shares of Caleres in a report on Wednesday, September 7th. Finally, Zacks Investment Research upgraded Caleres from a sell rating to a hold rating in a report on Friday, September 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $27.67.

Earnings History and Estimates for Caleres (NYSE:CAL)

Caleres Inc. (NYSE:CAL) opened at 28.45 on Wednesday. The company’s 50-day moving average price is $26.00 and its 200-day moving average price is $25.12. The stock has a market cap of $1.22 billion, a P/E ratio of 15.05 and a beta of 0.52. Caleres Inc. has a one year low of $21.27 and a one year high of $31.75.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. Caleres had a return on equity of 13.87% and a net margin of 3.26%. The business earned $732.20 million during the quarter, compared to analyst estimates of $734.09 million. During the same quarter in the prior year, the business posted $0.80 EPS. Caleres’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts forecast that Caleres Inc. will post $2.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in Caleres by 18.1% in the second quarter. Alliancebernstein L.P. now owns 2,782,158 shares of the company’s stock valued at $67,356,000 after buying an additional 426,251 shares during the period. Penn Capital Management Co. Inc. increased its position in Caleres by 365.6% in the second quarter. Penn Capital Management Co. Inc. now owns 173,188 shares of the company’s stock valued at $4,193,000 after buying an additional 135,994 shares during the period. Citadel Advisors LLC bought a new position in Caleres during the second quarter valued at approximately $2,257,000. Northern Trust Corp increased its position in Caleres by 10.2% in the third quarter. Northern Trust Corp now owns 918,834 shares of the company’s stock valued at $23,237,000 after buying an additional 84,847 shares during the period. Finally, BlackRock Fund Advisors increased its position in Caleres by 2.8% in the second quarter. BlackRock Fund Advisors now owns 2,836,977 shares of the company’s stock valued at $68,683,000 after buying an additional 77,200 shares during the period. 85.04% of the stock is owned by institutional investors and hedge funds.

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About Caleres

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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