BidaskClub lowered shares of Caleres, Inc. (NYSE:CAL) from a hold rating to a sell rating in a report released on Friday morning.
A number of other brokerages have also issued reports on CAL. Susquehanna Bancshares Inc upgraded shares of Caleres from a neutral rating to a positive rating and set a $31.00 target price for the company in a research report on Tuesday, May 30th. UBS AG upgraded shares of Caleres from a neutral rating to a positive rating in a research report on Tuesday, May 30th. Zacks Investment Research upgraded shares of Caleres from a hold rating to a buy rating and set a $30.00 target price for the company in a research report on Wednesday, July 12th. Jefferies Group LLC set a $27.00 target price on shares of Caleres and gave the company a hold rating in a research report on Monday, April 3rd. Finally, Rafferty Capital Markets reiterated a buy rating on shares of Caleres in a research report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Caleres presently has a consensus rating of Buy and an average price target of $31.40.
Shares of Caleres (NYSE:CAL) traded down 0.65% during mid-day trading on Friday, hitting $27.60. 868,436 shares of the company traded hands. The firm has a 50-day moving average price of $27.04 and a 200 day moving average price of $28.14. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 18.92 and a beta of 1.08. Caleres has a 52-week low of $23.12 and a 52-week high of $36.61.
Caleres (NYSE:CAL) last announced its earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $631.50 million during the quarter, compared to analyst estimates of $621.31 million. Caleres had a net margin of 2.39% and a return on equity of 13.80%. Caleres’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities research analysts anticipate that Caleres will post $2.18 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 19th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, June 15th. Caleres’s payout ratio is 19.18%.
A number of large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock worth $125,000 after buying an additional 60 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Caleres during the second quarter worth $204,000. Quantbot Technologies LP acquired a new stake in shares of Caleres during the first quarter worth $209,000. Karp Capital Management Corp acquired a new stake in shares of Caleres during the first quarter worth $225,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Caleres during the fourth quarter worth $228,000. 84.79% of the stock is owned by institutional investors.
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.
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