Caleres, Inc. (CAL) Lifted to B- at TheStreet
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Caleres from a hold rating to a sell rating in a report on Thursday, May 25th. Wedbush started coverage on Caleres in a report on Tuesday, April 11th. They issued an outperform rating and a $32.00 price objective for the company. BidaskClub lowered Caleres from a hold rating to a sell rating in a report on Wednesday, June 21st. Rafferty Capital Markets restated a buy rating on shares of Caleres in a report on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc upgraded Caleres from a neutral rating to a positive rating and set a $31.00 price objective for the company in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $31.40.
Shares of Caleres (CAL) opened at 27.60 on Thursday. The company’s 50-day moving average price is $27.04 and its 200-day moving average price is $28.14. Caleres has a 52-week low of $23.12 and a 52-week high of $36.61. The stock has a market cap of $1.19 billion, a PE ratio of 18.92 and a beta of 1.08.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $631.50 million during the quarter, compared to analyst estimates of $621.31 million. Caleres had a return on equity of 13.80% and a net margin of 2.39%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Analysts expect that Caleres will post $2.18 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 19th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, June 15th. Caleres’s dividend payout ratio is 19.18%.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Caleres by 153.2% in the fourth quarter. Renaissance Technologies LLC now owns 164,600 shares of the textile maker’s stock valued at $5,402,000 after buying an additional 99,600 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Caleres by 0.9% in the fourth quarter. AQR Capital Management LLC now owns 56,621 shares of the textile maker’s stock valued at $1,858,000 after buying an additional 527 shares in the last quarter. Norges Bank bought a new stake in shares of Caleres during the fourth quarter valued at approximately $26,762,000. Quadrature Capital Ltd bought a new stake in shares of Caleres during the fourth quarter valued at approximately $228,000. Finally, Teachers Advisors LLC increased its stake in shares of Caleres by 8.4% in the fourth quarter. Teachers Advisors LLC now owns 390,638 shares of the textile maker’s stock valued at $12,821,000 after buying an additional 30,152 shares in the last quarter. 84.79% of the stock is owned by institutional investors and hedge funds.
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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