During the last session, Caleres Inc. (NYSE:CAL)’s traded shares were 0.48 million, with the beta value of the company hitting 2.57. At the end of the trading day, the stock’s price was $27.37, reflecting an intraday loss of -1.55% or -$0.43. The 52-week high for the CAL share is $29.36, that puts it down -7.27 from that peak though still a striking 59.19% gain since the share price plummeted to a 52-week low of $11.17. The company’s market capitalization is $1.14B, and the average trade volume was 521.59K shares over the past three months.
Caleres Inc. (CAL) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. CAL has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.14.
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Caleres Inc. (CAL) registered a -1.55% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.55% in intraday trading to $27.37 this Wednesday, 11/24/21, hitting a weekly high. The stock’s 5-day price performance is -0.55%, and it has moved by 18.74% in 30 days. Based on these gigs, the overall price performance for the year is 107.51%.
The consensus price target of analysts on Wall Street is $40.00, which implies an increase of 31.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40.00 and $40.00 respectively. As a result, CAL is trading at a discount of -46.15% off the target high and -46.15% off the low.
Caleres Inc. (CAL) estimates and forecasts
Statistics show that Caleres Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Caleres Inc. (CAL) shares have gone up 0.33% during the last six months, with a year-to-date growth rate more than the industry average at 375.00% against 13.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 137.50% this quarter and then jump 1,433.30% in the quarter after that. In the rating firms’ projections, revenue will increase 28.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $753.48 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $638.9 million by the end of Jan 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -53.40%. While earnings are projected to return -887.40% in 2021, the next five years will return 15.00% per annum.
Caleres Inc. is due to release its next quarterly earnings between November 17 and November 22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Caleres Inc. is 0.28, with the dividend yield indicating at 1.02 percent, continuing the trend of increasing dividends in recent years.
Caleres Inc. (NYSE:CAL)’s Major holders
Caleres Inc. insiders own 3.91% of total outstanding shares while institutional holders control 92.19%, with the float percentage being 95.94%. Blackrock Inc. is the largest shareholder of the company, while 238 institutions own stock in it. As of Jun 29, 2021, the company held over 5.92 million shares (or 15.47% of all shares), a total value of $161.59 million in shares.
The next largest institutional holding, with 3.37 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.80% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $91.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Caleres Inc. (CAL) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2021 indicates that iShares Core S&P Smallcap ETF owns about 2.55 million shares. This amounts to just over 6.66 percent of the company’s overall shares, with a $56.62 million market value. The same data shows that the other fund manager holds slightly less at 1.04 million, or about 2.71% of the stock, which is worth about $28.25 million.