Caleres (NYSE:CAL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

CAL has been the topic of several other reports. Loop Capital dropped their price objective on Caleres to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price objective on shares of Caleres in a report on Wednesday, November 27th. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Susquehanna Bancshares reissued a “buy” rating and issued a $26.00 price objective on shares of Caleres in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.80.

Shares of CAL opened at $21.62 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27. Caleres has a 12 month low of $14.30 and a 12 month high of $32.28. The stock’s 50 day moving average is $22.64 and its two-hundred day moving average is $20.31. The firm has a market cap of $891.26 million, a P/E ratio of 9.78 and a beta of 0.83.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Monday, November 25th. The textile maker reported $0.78 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.03). Caleres had a negative net margin of 0.44% and a positive return on equity of 13.84%. The business had revenue of $792.40 million during the quarter, compared to analyst estimates of $819.97 million. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Caleres will post 2.37 EPS for the current year.

Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Caleres by 5.7% in the second quarter. Macquarie Group Ltd. now owns 1,507,918 shares of the textile maker’s stock worth $30,038,000 after acquiring an additional 81,681 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of Caleres by 5.4% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,164,550 shares of the textile maker’s stock worth $23,198,000 after acquiring an additional 59,900 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Caleres by 27.9% in the second quarter. Schroder Investment Management Group now owns 801,905 shares of the textile maker’s stock worth $15,974,000 after acquiring an additional 175,003 shares during the last quarter. Morgan Stanley boosted its stake in shares of Caleres by 20.8% in the second quarter. Morgan Stanley now owns 687,794 shares of the textile maker’s stock worth $13,702,000 after acquiring an additional 118,550 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Caleres by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 652,653 shares of the textile maker’s stock worth $13,002,000 after acquiring an additional 29,439 shares during the last quarter. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Analyst Recommendations for Caleres (NYSE:CAL)

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