Zacks Investment Research upgraded shares of Caleres (NYSE:CAL) from a sell rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved 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. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “

A number of other analysts have also recently commented on CAL. BidaskClub cut Caleres from a hold rating to a sell rating in a research report on Friday, August 18th. ValuEngine upgraded Caleres from a hold rating to a buy rating in a research report on Friday, December 1st. Susquehanna Bancshares reiterated a buy rating and set a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Macquarie reissued an outperform rating and set a $37.00 price target on shares of Caleres in a report on Sunday, October 1st. Finally, Wedbush reissued an outperform rating and set a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Caleres presently has a consensus rating of Buy and a consensus target price of $33.17.

Caleres (CAL) traded up $0.26 during mid-day trading on Wednesday, hitting $31.97. The stock had a trading volume of 295,000 shares, compared to its average volume of 343,036. Caleres has a 52-week low of $22.39 and a 52-week high of $36.61. 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 stock has a market capitalization of $1,362.45, a PE ratio of 15.78, a P/E/G ratio of 1.36 and a beta of 1.13.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $774.66 million for the quarter, compared to analysts’ expectations of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. analysts expect that Caleres will post 2.12 EPS for the current year.

In other Caleres news, SVP Douglas Koch sold 33,400 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the sale, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Caleres by 14.5% in the second quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock worth $4,247,000 after acquiring an additional 19,341 shares during the period. Vanguard Group Inc. boosted its stake in shares of Caleres by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock worth $105,956,000 after acquiring an additional 30,772 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Caleres in the third quarter worth about $3,684,000. Paradigm Capital Management Inc. NY boosted its stake in shares of Caleres by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock worth $25,310,000 after acquiring an additional 22,200 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Caleres by 48.9% in the second quarter. Thrivent Financial For Lutherans now owns 237,775 shares of the textile maker’s stock worth $6,605,000 after acquiring an additional 78,110 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Caleres (CAL) Upgraded to “Hold” at Zacks Investment Research” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/caleres-cal-upgraded-to-hold-at-zacks-investment-research/1749939.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 Analyst Ratings Network's FREE daily email newsletter.