Shares of Caleres, Inc. (NYSE:CAL) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.40.

CAL has been the topic of several research reports. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research report on Tuesday, May 30th. Susquehanna Bancshares Inc upgraded shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 price objective on the stock in a research report on Tuesday, May 30th. BidaskClub upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Caleres by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,220,362 shares of the textile maker’s stock worth $85,084,000 after buying an additional 193,349 shares during the period. Bank of America Corp DE boosted its position in Caleres by 30.0% in the first quarter. Bank of America Corp DE now owns 343,326 shares of the textile maker’s stock worth $9,071,000 after buying an additional 79,330 shares during the period. Karp Capital Management Corp purchased a new position in Caleres during the first quarter worth $225,000. Prudential Financial Inc. boosted its position in Caleres by 60.1% in the first quarter. Prudential Financial Inc. now owns 277,173 shares of the textile maker’s stock worth $7,323,000 after buying an additional 104,020 shares during the period. Finally, Teachers Advisors LLC boosted its position in Caleres by 8.4% in the fourth quarter. Teachers Advisors LLC now owns 390,638 shares of the textile maker’s stock worth $12,821,000 after buying an additional 30,152 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Shares of Caleres (CAL) opened at 25.24 on Friday. The stock has a market cap of $1.09 billion, a PE ratio of 17.30 and a beta of 1.07. Caleres has a 52 week low of $23.12 and a 52 week high of $36.61. The stock has a 50 day moving average of $26.91 and a 200-day moving average of $27.86.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share 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 company had revenue of $631.50 million for the quarter, compared to analysts’ expectations of $621.31 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Caleres’s quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Caleres will post $2.18 earnings per share for the current fiscal year.

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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)

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