Shares of Caleres, Inc. (NYSE:CAL) have received an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.00.

CAL has been the topic of several analyst reports. Zacks Investment Research raised shares of Caleres from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, September 27th. Susquehanna Bancshares reaffirmed a “buy” rating and set a $31.00 price target on shares of Caleres in a research report on Tuesday, August 29th. ValuEngine raised shares of Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.

In other Caleres news, SVP Douglas Koch sold 33,400 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $30.03, for a total value of $1,003,002.00. Following the transaction, the senior vice president now directly owns 103,837 shares in the company, valued at $3,118,225.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Diane M. Sullivan sold 26,100 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CAL. US Bancorp DE increased its holdings in shares of Caleres by 0.5% in the second quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock valued at $285,000 after purchasing an additional 49 shares during the last quarter. Strs Ohio increased its holdings in shares of Caleres by 3.0% in the second quarter. Strs Ohio now owns 34,300 shares of the textile maker’s stock valued at $952,000 after purchasing an additional 1,000 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Caleres by 4.0% in the second quarter. Great West Life Assurance Co. Can now owns 61,879 shares of the textile maker’s stock valued at $1,717,000 after purchasing an additional 2,400 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Caleres by 1.1% in the second quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock valued at $873,000 after purchasing an additional 331 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Caleres by 24.4% in the second quarter. Sei Investments Co. now owns 96,419 shares of the textile maker’s stock valued at $2,678,000 after purchasing an additional 18,929 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Shares of Caleres (CAL) traded up $0.93 during mid-day trading on Thursday, hitting $32.22. 457,921 shares of the stock were exchanged, compared to its average volume of 396,907. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. The company has a market capitalization of $1,384.78, a price-to-earnings ratio of 16.03, a PEG ratio of 1.38 and a beta of 1.13. Caleres has a twelve month low of $22.39 and a twelve month high of $35.77.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The business had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. equities analysts predict that Caleres will post 2.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 22nd. Caleres’s dividend payout ratio (DPR) is currently 20.00%.

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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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