Caleres (CAL) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Caleres (NYSE:CAL) from a hold rating to a buy rating in a research report report published on Friday.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Caleres from a hold rating to a sell rating in a research note on Thursday, November 23rd. Susquehanna Bancshares reiterated a buy rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Wedbush reiterated an outperform rating and issued a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Finally, Macquarie reiterated an outperform rating and issued a $37.00 target price on shares of Caleres in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Caleres has an average rating of Buy and a consensus price target of $33.17.
Caleres (NYSE:CAL) traded down $1.20 during mid-day trading on Friday, reaching $31.44. The company’s stock had a trading volume of 440,300 shares, compared to its average volume of 343,588. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. The company has a market capitalization of $1,350.85, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.13. Caleres has a 12 month low of $22.39 and a 12 month high of $36.61.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. analysts predict that Caleres will post 2.15 EPS for the current fiscal year.
In related news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction dated 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 sale, the senior vice president now directly owns 103,837 shares in the company, valued at $3,118,225.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of Caleres stock in a transaction dated 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. 6.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CAL. US Bancorp DE raised its stake in shares of Caleres by 0.5% during the second quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 49 shares in the last quarter. Strs Ohio grew its holdings in Caleres by 3.0% during the second quarter. Strs Ohio now owns 34,300 shares of the textile maker’s stock worth $952,000 after acquiring an additional 1,000 shares during the period. Great West Life Assurance Co. Can grew its holdings in Caleres by 4.0% during the second quarter. Great West Life Assurance Co. Can now owns 61,879 shares of the textile maker’s stock worth $1,717,000 after acquiring an additional 2,400 shares during the period. Texas Permanent School Fund grew its holdings in Caleres by 1.1% during the second quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock worth $873,000 after acquiring an additional 331 shares during the period. Finally, Sei Investments Co. grew its holdings in Caleres by 24.4% during the second quarter. Sei Investments Co. now owns 96,419 shares of the textile maker’s stock worth $2,678,000 after acquiring an additional 18,929 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.
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Caleres Company Profile
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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