Caleres (CAL) Rating Increased 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 Thursday.
Other equities analysts have also issued reports about the stock. Wedbush restated an outperform rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. UBS Group lowered shares of Caleres from a positive rating to a neutral rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Caleres from a sell rating to a hold rating in a report on Wednesday, December 6th. Finally, Susquehanna Bancshares restated a buy rating and issued a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $32.40.
Caleres (NYSE CAL) opened at $28.47 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,223.62, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Caleres has a fifty-two week low of $22.39 and a fifty-two week high of $34.34.
A number of institutional investors and hedge funds have recently made changes to their positions in CAL. Goldman Sachs Group Inc. increased its stake in Caleres by 190.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 666,980 shares of the textile maker’s stock worth $22,330,000 after buying an additional 437,627 shares during the period. Franklin Resources Inc. increased its stake in Caleres by 36.1% during the 4th quarter. Franklin Resources Inc. now owns 1,363,919 shares of the textile maker’s stock worth $45,664,000 after buying an additional 361,832 shares during the period. Victory Capital Management Inc. increased its stake in Caleres by 10.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock worth $60,237,000 after buying an additional 178,870 shares during the period. BlackRock Inc. increased its stake in Caleres by 2.6% during the 4th quarter. BlackRock Inc. now owns 5,400,236 shares of the textile maker’s stock worth $180,799,000 after buying an additional 138,483 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Caleres during the 3rd quarter worth approximately $3,195,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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