Susquehanna Bancshares reiterated their buy rating on shares of Caleres (NYSE:CAL) in a research note published on Wednesday, November 22nd. The brokerage currently has a $32.00 price target on the textile maker’s stock.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Caleres from a buy rating to a hold rating in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Caleres from a sell rating to a hold rating in a research note on Friday, August 25th. Finally, TheStreet upgraded shares of Caleres from a c+ rating to a b- rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Caleres has an average rating of Buy and an average price target of $33.17.
Caleres (CAL) opened at $32.22 on Wednesday. The firm has a market cap of $1,362.45, a PE ratio of 15.78, a PEG ratio of 1.36 and a beta of 1.13. Caleres has a 1 year low of $22.39 and a 1 year high of $36.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.
Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business had revenue of $774.66 million for the quarter, compared to the consensus estimate of $785.75 million. During the same period in the prior year, the business posted $0.81 earnings per share. Caleres’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts predict that Caleres will post 2.12 EPS for the current fiscal year.
In other news, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the sale, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CAL. Vanguard Group Inc. raised its holdings in Caleres by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 3,783,362 shares of the textile maker’s stock valued at $99,956,000 after buying an additional 212,710 shares during the last quarter. BlackRock Inc. raised its holdings in Caleres by 45,530.3% during the 1st quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock worth $138,493,000 after purchasing an additional 5,230,525 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Caleres by 8.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 319,610 shares of the textile maker’s stock worth $8,445,000 after purchasing an additional 25,281 shares during the last quarter. State Street Corp raised its holdings in Caleres by 4.7% during the 1st quarter. State Street Corp now owns 1,158,763 shares of the textile maker’s stock worth $30,619,000 after purchasing an additional 51,954 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Caleres by 4.8% during the 1st quarter. AQR Capital Management LLC now owns 59,347 shares of the textile maker’s stock worth $1,568,000 after purchasing an additional 2,726 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
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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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