Caleres, Inc. (NYSE:CAL) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Several other research firms have also recently commented on CAL. TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. 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 note on Tuesday, May 30th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Finally, 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 note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Caleres has an average rating of “Buy” and an average price target of $31.40.
Caleres (NYSE CAL) traded down 2.59% during midday trading on Friday, reaching $23.71. 245,692 shares of the company traded hands. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.25 and a beta of 1.07. The firm has a 50 day moving average of $26.66 and a 200-day moving average of $27.66. Caleres has a 12 month low of $23.12 and a 12 month high of $36.61.
Caleres (NYSE:CAL) last released its earnings results on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $631.50 million during the quarter, compared to analysts’ expectations of $621.31 million. Caleres had a net margin of 2.39% and a return on equity of 13.80%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Analysts forecast that Caleres will post $2.18 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in CAL. State of Alaska Department of Revenue boosted its position 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 in the last quarter. Pacad Investment Ltd. acquired a new position in shares of Caleres during the second quarter worth about $142,000. LaSalle Street Capital Management LLC acquired a new position in shares of Caleres during the second quarter worth about $201,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Caleres during the second quarter worth about $204,000. Finally, Quantbot Technologies LP acquired a new position in shares of Caleres during the first quarter worth about $209,000. Institutional investors own 83.92% of the company’s stock.
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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