BidaskClub downgraded shares of Caleres, Inc. (NYSE:CAL) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Caleres from a hold rating to a sell rating in a research note on Thursday, May 25th. Wedbush started coverage on shares of Caleres in a research note on Tuesday, April 11th. They set an outperform rating and a $32.00 price objective on the stock. Rafferty Capital Markets reissued a buy rating on shares of Caleres in a research note on Tuesday, April 4th. Susquehanna Bancshares Inc raised shares of Caleres from a neutral rating to a positive rating and set a $31.00 price objective on the stock in a research note on Tuesday, May 30th. Finally, TheStreet lowered shares of Caleres from a b rating to a c+ rating in a research note on Friday, April 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $31.40.

Shares of Caleres (CAL) opened at 27.28 on Friday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 18.70 and a beta of 1.08. Caleres has a 12-month low of $23.12 and a 12-month high of $36.61. The company has a 50 day moving average of $27.03 and a 200-day moving average of $28.06.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The business had revenue of $631.50 million for the quarter, compared to analyst estimates of $621.31 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Caleres’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts predict that Caleres will post $2.18 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Caleres, Inc. (CAL) Downgraded to “Sell” at BidaskClub” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/caleres-inc-cal-downgraded-to-sell-at-bidaskclub/1465650.html.

The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. Caleres’s dividend payout ratio is presently 19.18%.

Several hedge funds and other institutional investors have recently modified their holdings of CAL. State of Alaska Department of Revenue boosted its stake in Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Caleres during the fourth quarter worth $228,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Caleres during the second quarter worth $204,000. Quantbot Technologies LP acquired a new stake in Caleres during the first quarter worth $209,000. Finally, Karp Capital Management Corp acquired a new stake in Caleres during the first quarter worth $225,000. Hedge funds and other institutional investors own 84.63% of the company’s stock.

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.

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.