Caleres (NYSE: CAL) unveiled its impressive third-quarter results on November 21, 2023. The company surpassed the anticipated adjusted earnings per share (EPS) estimate, while falling slightly short of the sales estimate. With quarterly earnings of $1.37 per share, Caleres exceeded the analyst consensus estimate of $1.29 by an impressive 6.2 percent. This also marked a significant 19.13 percent increase compared to the same period in the previous year.
On the other hand, the company’s quarterly sales of $761.90 million missed the analyst consensus estimate of $773.84 million by a marginal 1.54 percent. This represented a modest 4.55 percent decrease in sales compared to the corresponding period last year.
For those seeking more detailed financial information, it is recommended to visit the investor relations website of Caleres Inc.
Updated on: 30/11/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
11:00 PM (UTC)
Date:29 November, 2023
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Positive Performance and Future Potential: CAL Stock Analysis and Forecast
CAL stock had a strong performance on November 21, 2023. The stock opened at $29.26, higher than the previous close of $27.48. Throughout the day, it traded within a range of $29.22 to $31.64. The stock had a volume of 312,921, which was below the average volume of 418,328 over the past three months. The market cap of Caleres Inc. is $923.3 million.
In terms of earnings growth, Caleres Inc. experienced a positive growth rate of 38.63% last year. However, this year’s earnings growth has been negative, with a rate of -8.68%. Looking ahead, the company is expected to have a 10.00% earnings growth over the next five years.
The revenue growth for Caleres Inc. in the previous year was 6.86%. The P/E ratio for the stock is 7.4. The price/sales ratio is 0.30, and the price/book ratio is 2.21.
In terms of other stocks in the same industry, Shoe Carnival Inc (SCVL) had a slight increase of 0.59% in its stock price, while Designer Brands Inc (DBI) experienced a larger increase of 1.71%. On the other hand, Genesco Inc (GCO) had a decrease of 1.29% in its stock price. Boot Barn Holdings Inc (BOOT) saw a positive change of 0.98%.
Caleres Inc. is headquartered in St. Louis, Missouri, and operates in the retail trade sector, specifically in the apparel/footwear retail industry. The company reported an annual revenue of $3.0 billion and a net profit of $174.0 million in the last fiscal year. The net profit margin for Caleres Inc. is 5.86%.
Overall, the performance of CAL stock on November 21, 2023, was positive, with an increase in the stock price compared to the previous close. The company has shown strong revenue growth in the past year, but its earnings growth has declined this year. However, there is potential for future earnings growth, as indicated by the forecasted growth rate for the next five years. Investors should consider these factors when evaluating the investment potential of CAL stock.
Positive Performance of CAL Stock on November 21, 2023: Analysts Predict 10.43% Increase
CAL stock, the ticker symbol for Caleres Inc, experienced a positive performance on November 21, 2023. According to data from CNN Money, the 4 analysts offering 12-month price forecasts for CAL stock have a median target of $34.00, with a high estimate of $37.00 and a low estimate of $27.00. The median estimate of $34.00 represents a 10.43% increase from the last price of $30.79. Furthermore, the current consensus among 3 polled investment analysts is to buy stock in Caleres Inc. In terms of financial performance, Caleres Inc reported earnings per share of $1.29 for the current quarter and sales of $781.6 million for the same period. Overall, the data suggests that CAL stock has performed well on November 21, 2023 and investors may consider it as a potential investment opportunity.