ValuEngine upgraded shares of Caleres (NYSE:CAL) from a hold rating to a buy rating in a research note released on Friday morning.

Several other equities analysts also recently issued reports on CAL. BidaskClub downgraded shares of Caleres from a hold rating to a sell rating in a research note on Friday, August 18th. Susquehanna Bancshares reissued a buy rating and set a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Caleres from a buy rating to a hold rating in a research note on Friday, August 18th. Macquarie reissued an outperform rating and set a $37.00 target price on shares of Caleres in a research note on Sunday, October 1st. Finally, Wedbush reissued an outperform rating and set a $32.00 target price on shares of Caleres in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $33.17.

Caleres (NYSE:CAL) traded down $1.20 during mid-day trading on Friday, hitting $31.44. 440,336 shares of the stock traded hands, compared to its average volume of 345,945. The company has a market capitalization of $1,300.00, a P/E ratio of 16.24, a P/E/G ratio of 1.38 and a beta of 1.04. Caleres has a 12-month low of $22.39 and a 12-month high of $36.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.

Caleres (NYSE:CAL) last released its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The business had revenue of $774.66 million for the quarter, compared to the consensus estimate of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. Caleres’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. sell-side analysts expect that Caleres will post 2.15 earnings per share for the current year.

In other Caleres news, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the sale, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The disclosure for this sale can be found here. 6.20% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of CAL. Pacad Investment Ltd. acquired a new stake in Caleres in the second quarter worth $142,000. YorkBridge Wealth Partners LLC acquired a new stake in Caleres in the third quarter worth $183,000. LaSalle Street Capital Management LLC acquired a new stake in Caleres in the second quarter worth $201,000. Verition Fund Management LLC acquired a new stake in Caleres in the second quarter worth $229,000. Finally, Fox Run Management L.L.C. acquired a new stake in Caleres in the third quarter worth $244,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

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Caleres Company Profile

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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