Caleres’ (CAL) “Outperform” Rating Reaffirmed at Wedbush
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.
ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/11/23/caleres-cal-outperform-rating-reaffirmed-at-wedbush.html.
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.
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.
Receive News & Stock Ratings for Caleres Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caleres Inc. and related stocks with our FREE daily email newsletter.