Caleres (CAL) Upgraded to Buy at ValuEngine
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.
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.
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