Caleres Inc. (NYSE:CAL) – Investment analysts at Northcoast Research upped their FY2017 EPS estimates for Caleres in a research report issued to clients and investors on Wednesday. Northcoast Research analyst J. Stein now forecasts that the brokerage will earn $2.02 per share for the year, up from their previous forecast 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 issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Caleres had a net margin of 3.28% and a return on equity of 13.76%. The business had revenue of $732.20 million for the quarter, compared to analyst estimates of $734.09 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. WARNING: This piece was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/30/fy2017-eps-estimates-for-caleres-inc-cal-increased-by-analyst.html.

Earnings History and Estimates for Caleres (NYSE:CAL)

CAL has been the subject of several other reports. Jefferies Group reissued a “hold” rating and set a $27.00 price objective (up from $24.00) on shares of Caleres in a report on Wednesday, November 23rd. Zacks Investment Research lowered shares of Caleres from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Susquehanna started coverage on shares of Caleres in a report on Friday, September 16th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Morgan Stanley reissued a “hold” rating and set a $30.00 price objective on shares of Caleres in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.50.

Shares of Caleres (NYSE:CAL) traded up 1.14% on Monday, hitting $32.92. 39,848 shares of the stock were exchanged. The firm’s 50 day moving average price is $26.59 and its 200 day moving average price is $25.33. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 17.07 and a beta of 0.52. Caleres has a one year low of $21.27 and a one year high of $33.70.

WARNING: This piece was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/30/fy2017-eps-estimates-for-caleres-inc-cal-increased-by-analyst.html.

Several hedge funds and other institutional investors have recently bought and sold shares of CAL. 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 worth $67,356,000 after buying an additional 426,251 shares during the last quarter. Royce & Associates LP increased its position in Caleres by 210.6% in the second quarter. Royce & Associates LP now owns 604,078 shares of the company’s stock worth $14,625,000 after buying an additional 409,600 shares during the last quarter. Teachers Advisors LLC increased its position in Caleres by 435.3% in the third quarter. Teachers Advisors LLC now owns 360,486 shares of the company’s stock worth $9,117,000 after buying an additional 293,148 shares during the last quarter. Renaissance Technologies LLC increased its position in Caleres by 124.0% in the first quarter. Renaissance Technologies LLC now owns 431,150 shares of the company’s stock worth $12,197,000 after buying an additional 238,700 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Caleres by 8.1% in the third quarter. BlackRock Fund Advisors now owns 3,067,758 shares of the company’s stock worth $77,584,000 after buying an additional 230,781 shares during the last quarter. Institutional investors own 85.29% of the company’s stock.

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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