Seaport Res Ptn Estimates Caleres FY2028 Earnings

Caleres, Inc. (NYSE:CAL) – Equities researchers at Seaport Res Ptn issued their FY2028 earnings estimates for shares of Caleres in a research report issued to clients and investors on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz forecasts that the textile maker will post earnings per share of $4.06 for the year. The consensus estimate for Caleres’ current full-year earnings is $3.23 per share.

Separately, Loop Capital lowered their price target on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a report on Friday, December 6th.

Caleres Stock Performance

Caleres stock opened at $15.22 on Friday. Caleres has a 52-week low of $15.00 and a 52-week high of $44.51. The firm has a 50 day moving average price of $18.24 and a two-hundred day moving average price of $26.65. The firm has a market cap of $511.67 million, a price-to-earnings ratio of 3.39 and a beta of 1.82.

Insider Transactions at Caleres

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

Institutional Trading of Caleres

Several hedge funds have recently bought and sold shares of CAL. Smartleaf Asset Management LLC boosted its holdings in Caleres by 254.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,244 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Caleres during the 4th quarter worth $59,000. Lee Danner & Bass Inc. purchased a new position in Caleres during the 4th quarter worth $81,000. Canada Pension Plan Investment Board purchased a new position in Caleres during the 4th quarter worth $86,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Caleres during the 4th quarter worth $149,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Company Profile

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.