Wedbush restated their outperform rating on shares of Caleres, Inc. (NYSE:CAL) in a research note issued to investors on Wednesday. Wedbush currently has a $32.00 price target on the textile maker’s stock. Wedbush also issued estimates for Caleres’ Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.42 EPS.

A number of other analysts have also recently issued reports on CAL. BidaskClub cut shares of Caleres from a hold rating to a sell rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of Caleres from a buy rating to a hold rating in a research note on Friday, August 18th. Macquarie restated an outperform rating and set a $37.00 target price on shares of Caleres in a research note on Sunday, October 1st. TheStreet upgraded shares of Caleres from a c+ rating to a b- rating in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc restated a buy rating and set a $31.00 target price on shares of Caleres in a research note on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Caleres has an average rating of Buy and an average price target of $33.17.

Caleres (NYSE CAL) traded down $0.58 during midday trading on Wednesday, hitting $30.41. 1,128,700 shares of the stock were exchanged, compared to its average volume of 341,219. The company has a current ratio of 1.57, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1,331.51, a PE ratio of 15.42, a PEG ratio of 1.29 and a beta of 1.04. Caleres has a one year low of $22.39 and a one year high of $36.61.

Caleres (NYSE:CAL) last posted its 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). The company had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. Caleres had a return on equity of 13.86% and a net margin of 2.21%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. equities analysts anticipate that Caleres will post 2.18 EPS for the current fiscal year.

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In related news, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.20% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Pacad Investment Ltd. bought a new position in Caleres in the 2nd quarter valued at about $142,000. YorkBridge Wealth Partners LLC bought a new position in Caleres in the 3rd quarter valued at about $183,000. LaSalle Street Capital Management LLC bought a new position in Caleres in the 2nd quarter valued at about $201,000. Chevy Chase Trust Holdings Inc. bought a new position in Caleres in the 2nd quarter valued at about $204,000. Finally, Fox Run Management L.L.C. bought a new position in Caleres in the 3rd quarter valued at about $244,000. 87.82% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Caleres (NYSE:CAL)

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