Caleres Inc. (NYSE:CAL) – Equities researchers at Jefferies Group increased their FY2017 earnings per share estimates for shares of Caleres in a note issued to investors on Wednesday. Jefferies Group analyst R. Konik now expects that the firm will post earnings of $2.08 per share for the year, up from their previous forecast of $2.02. Jefferies Group has a “Hold” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Caleres’ FY2018 earnings at $2.36 EPS.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Caleres had a return on equity of 13.76% and a net margin of 3.28%. The company earned $732.20 million during the quarter, compared to analyst estimates of $734.09 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Caleres’s revenue was up .5% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on Caleres Inc.’s FY2017 Earnings (CAL)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/30/jefferies-group-comments-on-caleres-inc-s-fy2017-earnings-cal.html.

Earnings History and Estimates for Caleres (NYSE:CAL)

A number of other research analysts also recently weighed in on CAL. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Morgan Stanley reissued a “hold” rating and issued a $30.00 target price on shares of Caleres in a report on Wednesday, September 7th. Finally, Susquehanna initiated coverage on Caleres in a report on Friday, September 16th. They issued a “neutral” rating and a $25.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.50.

Shares of Caleres (NYSE:CAL) traded up 1.14% on Monday, hitting $32.92. The stock had a trading volume of 39,848 shares. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.07 and a beta of 0.52. Caleres has a 52 week low of $21.27 and a 52 week high of $33.70. The firm has a 50-day moving average price of $26.59 and a 200-day moving average price of $25.33.

Hedge funds 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 valued at $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 valued at $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 valued at $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 valued at $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 valued at $172,000 after buying an additional 4,169 shares in the last quarter. Hedge funds and other institutional investors own 85.29% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on Caleres Inc.’s FY2017 Earnings (CAL)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/30/jefferies-group-comments-on-caleres-inc-s-fy2017-earnings-cal.html.

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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