Caleres, Inc. (NYSE:CAL) has earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $32.80.
CAL has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Susquehanna Bancshares Inc reaffirmed a “buy” rating and set a $31.00 price objective on shares of Caleres in a research report on Tuesday, August 29th. BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th.
In related news, SVP Douglas Koch sold 33,400 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the transaction, the senior vice president now owns 103,837 shares of the company’s stock, valued at approximately $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.
Several large investors have recently bought and sold shares of CAL. Pacad Investment Ltd. purchased a new position in shares of Caleres during the 2nd quarter worth approximately $142,000. YorkBridge Wealth Partners LLC purchased a new position in Caleres in the 3rd quarter valued at approximately $183,000. LaSalle Street Capital Management LLC purchased a new position in Caleres in the 2nd quarter valued at approximately $201,000. Chevy Chase Trust Holdings Inc. purchased a new position in Caleres in the 2nd quarter valued at approximately $204,000. Finally, Verition Fund Management LLC purchased a new position in Caleres in the 2nd quarter valued at approximately $229,000. 88.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Caleres (NYSE:CAL) opened at $30.92 on Friday. The stock has a market cap of $1,328.51, a P/E ratio of 15.31, a PEG ratio of 1.28 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. Caleres has a 1-year low of $22.39 and a 1-year high of $36.61.
Caleres (NYSE:CAL) last announced its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. research analysts forecast that Caleres will post 2.18 earnings per share for the current fiscal year.
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Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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