Wedbush reissued their outperform rating on shares of Caleres (NYSE:CAL) in a research note published on Tuesday morning.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Caleres from a buy rating to a hold rating in a research report on Tuesday, November 20th. Zacks Investment Research raised Caleres from a strong sell rating to a hold rating in a research report on Wednesday, January 23rd. Finally, Loop Capital set a $30.00 target price on Caleres and gave the stock a hold rating in a research report on Wednesday, November 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.75.

Shares of Caleres stock opened at $26.86 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 12.44 and a beta of 0.76. Caleres has a 12 month low of $26.60 and a 12 month high of $41.09.

Caleres declared that its Board of Directors has authorized a share buyback program on Friday, December 14th that allows the company to repurchase 2,500,000 shares. This repurchase authorization allows the textile maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Tuesday, March 26th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. Caleres’s dividend payout ratio (DPR) is 12.96%.

In other Caleres news, insider Daniel R. Freidman sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the insider now owns 74,046 shares of the company’s stock, valued at approximately $2,221,380. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Caleres by 2.5% during the 4th quarter. BlackRock Inc. now owns 6,239,781 shares of the textile maker’s stock valued at $173,655,000 after purchasing an additional 153,855 shares during the period. Vanguard Group Inc. grew its stake in shares of Caleres by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,975,221 shares of the textile maker’s stock valued at $142,551,000 after purchasing an additional 78,692 shares during the period. Vanguard Group Inc grew its stake in shares of Caleres by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 3,975,221 shares of the textile maker’s stock valued at $142,551,000 after purchasing an additional 78,692 shares during the period. Franklin Resources Inc. grew its stake in shares of Caleres by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,272,167 shares of the textile maker’s stock valued at $117,340,000 after purchasing an additional 121,360 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Caleres by 2.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,410,505 shares of the textile maker’s stock valued at $39,254,000 after purchasing an additional 32,332 shares during the period. Institutional investors and hedge funds own 89.24% of the company’s stock.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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