Seaport Res Ptn Forecasts Caleres FY2028 Earnings

Caleres, Inc. (NYSE:CAL) – Research analysts at Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for shares of Caleres in a research report issued on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz forecasts 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 target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, December 6th.

Caleres Stock Up 1.4 %

Shares of Caleres stock opened at $15.48 on Friday. The firm has a market cap of $520.71 million, a PE ratio of 3.45 and a beta of 1.82. The business’s fifty day moving average is $18.11 and its two-hundred day moving average is $26.33. Caleres has a fifty-two week low of $15.00 and a fifty-two week high of $44.51.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Caleres’s dividend payout ratio (DPR) is currently 6.24%.

Insider Buying and Selling

In related news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $99,650.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Caleres

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its holdings in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Caleres in the 4th quarter valued at $59,000. Lee Danner & Bass Inc. acquired a new stake in Caleres in the 4th quarter valued at $81,000. Canada Pension Plan Investment Board acquired a new stake in Caleres in the 4th quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Caleres in the 4th quarter valued at $149,000. 98.44% of the stock is currently 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.