Caleres, Inc. (CAL) Earns “Buy” Rating from Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reiterated their buy rating on shares of Caleres, Inc. (NYSE:CAL) in a research note published on Wednesday morning. The brokerage currently has a $32.00 price target on the textile maker’s stock.
Several other equities analysts have also weighed in on CAL. BidaskClub lowered shares of Caleres from a hold rating to a sell rating in a research report on Friday, July 28th. TheStreet raised shares of Caleres from a c+ rating to a b- rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Caleres from a buy rating to a hold rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $33.17.
Caleres (CAL) opened at $29.83 on Wednesday. The firm has a market cap of $1,306.59, a PE ratio of 15.13, a PEG ratio of 1.29 and a beta of 1.04. Caleres has a 1 year low of $22.39 and a 1 year high of $36.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.38.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. Caleres’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. sell-side 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 the firm’s 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 transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC bought a new position in Caleres in the 3rd quarter valued at about $2,628,000. California Public Employees Retirement System increased its holdings in Caleres by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 157,117 shares of the textile maker’s stock valued at $4,795,000 after buying an additional 5,167 shares during the period. Davidson Kempner Capital Management LP increased its holdings in Caleres by 5.9% in the 3rd quarter. Davidson Kempner Capital Management LP now owns 450,000 shares of the textile maker’s stock valued at $13,734,000 after buying an additional 25,000 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Caleres by 440.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock valued at $316,000 after buying an additional 8,443 shares during the period. Finally, Jane Street Group LLC bought a new position in Caleres in the 3rd quarter valued at about $3,195,000. 87.82% 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.
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