Caleres, Inc. (CAL) Receives $32.80 Consensus Target Price from Analysts
Shares of Caleres, Inc. (NYSE:CAL) have received an average rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $33.00.
Several equities analysts have recently weighed in on the company. BidaskClub lowered Caleres from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. TheStreet raised Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Caleres from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Caleres in a research note on Tuesday, August 29th.
Shares of Caleres (NYSE CAL) traded down $0.58 during trading hours on Friday, reaching $30.41. The company’s stock had a trading volume of 1,128,763 shares, compared to its average volume of 341,217. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. Caleres has a 12-month low of $22.39 and a 12-month high of $36.61. The firm has a market cap of $1,330.00, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.04.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Caleres had a return on equity of 13.80% and a net margin of 2.26%. The business had revenue of $774.66 million during the quarter, compared to analyst estimates of $785.75 million. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts predict that Caleres will post 2.18 earnings per share for the current year.
In other Caleres news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 103,837 shares in the company, valued at approximately $3,118,225.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CAL. Pacad Investment Ltd. bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $142,000. YorkBridge Wealth Partners LLC bought a new stake in shares of Caleres in the 3rd quarter valued at approximately $183,000. LaSalle Street Capital Management LLC bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $201,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $204,000. Finally, Verition Fund Management LLC bought a new stake in shares of Caleres in the 2nd quarter valued at approximately $229,000. Institutional investors and hedge funds own 87.82% of the company’s stock.
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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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