In last trading session, Caleres, Inc. (NYSE:CAL) saw 731,667 shares changing hands with its beta currently measuring 2.69. Company’s recent per share price level of $23.85 trading at -$0.34 or -1.41% at ring of the bell on the day assigns it a market valuation of $905.05 Million. That closing price of CAL’s stock is at a discount of -1.76% from its 52-week high price of $24.27 and is indicating a premium of 80.59% from its 52-week low price of $4.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 508.12 Million shares which gives us an average trading volume of 480.79 Million if we extend that period to 3-months.
For Caleres, Inc. (CAL), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.5. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.03 in the current quarter.
Caleres, Inc. (NYSE:CAL) trade information
In the face of being in the red during last session for losing -1.41%, in the last five days CAL remained trading in the green while hitting it’s week-highest on Friday, Apr 16 when the stock touched $24.51- price level, adding 2.69% to its value on the day. Caleres, Inc.’s shares saw a change of 52.4% in year-to-date performance and have moved 11.71% in past 5-day. Caleres, Inc. (NYSE:CAL) showed a performance of 30.33% in past 30-days. Number of shares sold short was 1.61 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $25 to the stock, which implies a rise of 4.82% to its current value. Analysts have been projecting $25 as a low price target for the stock while placing it at a high target of $25. It follows that stock’s current price would jump +4.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of 4.82% for stock’s current value.
Caleres, Inc. (CAL) estimates and forecasts
Statistics highlight that Caleres, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +151.58% of value to its shares in past 6 months, showing an annual growth rate of -192.86% while that of industry is 17.8. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 102.3% in the current quarter and calculating 194.7% increase in the next quarter. This year revenue growth is estimated to rise 26.9% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $583.8 Million for the same. And 2 analysts are in estimates of company making revenue of $674.3 Million in the next quarter that will end on July 01, 2021. Company posted $426.9 Million and $501.45 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 36.8% while estimating it to be 34.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -53.4% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -887.4% while estimates for its earnings growth in next 5 years are of 15%
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Caleres, Inc. is more likely to be releasing its next quarterly report between June 02 and June 07, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.2%, the share has a forward dividend of 0.28 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.5%.
Caleres, Inc. (NYSE:CAL)’s Major holders
Insiders are in possession of 4.68% of company’s total shares while institution are holding 83.76% percent of that, with stock having share float percentage of 87.86%. Investors also watch the number of corporate investors in a company very closely, which is 215 institutions for Caleres, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CAL for having 5.8 Million shares of worth $90.77 Million. And as of December 30, 2020, it was holding 15.28% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 3.05 Million shares on December 30, 2020. The number of shares represents firm’s hold over 8.03% of outstanding shares, having a total worth of $47.72 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2021, the former fund manager was holding 2525351 shares of worth $55.05 Million or 6.65% of the total outstanding shares. The later fund manager was in possession of 982.61 Thousand shares on December 30, 2020, making its stake of worth around $15.38 Million in the company or a holder of 2.59% of company’s stock.