Susquehanna Bancshares Reiterates Buy Rating for Caleres (CAL)

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.

ILLEGAL ACTIVITY WARNING: “Susquehanna Bancshares Reiterates Buy Rating for Caleres (CAL)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/08/caleres-cal-buy-rating-reaffirmed-at-susquehanna-bancshares-inc.html.

About Caleres

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.

Analyst Recommendations for Caleres (NYSE:CAL)

Receive News & Ratings for Caleres Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply