Caleres Inc (NYSE:CAL) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.00.

Several equities analysts have weighed in on CAL shares. ValuEngine lowered Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Loop Capital set a $30.00 target price on Caleres and gave the company a “hold” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research lowered Caleres from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 27th.

Large investors have recently added to or reduced their stakes in the business. Lenox Wealth Management Inc. increased its holdings in shares of Caleres by 3,574.6% in the fourth quarter. Lenox Wealth Management Inc. now owns 10,252 shares of the textile maker’s stock worth $286,000 after acquiring an additional 9,973 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Caleres in the fourth quarter worth about $25,000. Vanguard Group Inc increased its holdings in shares of Caleres by 2.0% in the third quarter. Vanguard Group Inc now owns 3,975,221 shares of the textile maker’s stock worth $142,551,000 after acquiring an additional 78,692 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Caleres in the third quarter worth about $5,263,000. Finally, Vanguard Group Inc. increased its holdings in shares of Caleres by 2.0% in the third quarter. Vanguard Group Inc. now owns 3,975,221 shares of the textile maker’s stock worth $142,551,000 after acquiring an additional 78,692 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CAL traded down $0.08 during trading hours on Friday, hitting $28.47. 4,851 shares of the stock traded hands, compared to its average volume of 239,750. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.26. Caleres has a 1-year low of $26.63 and a 1-year high of $41.09. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.18 and a beta of 0.84.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, November 20th. The textile maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). Caleres had a net margin of 3.21% and a return on equity of 13.58%. The firm had revenue of $776.00 million for the quarter, compared to analyst estimates of $765.00 million. During the same period last year, the company earned $0.80 EPS. The company’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Caleres will post 2.3 EPS for the current year.

Caleres declared that its board has authorized a stock repurchase plan on Friday, December 14th that authorizes the company to repurchase 2,500,000 outstanding shares. This repurchase authorization authorizes the textile maker to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 9th. Shareholders of record on Monday, December 24th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, December 21st. Caleres’s payout ratio is 12.96%.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Analyst Recommendations for Caleres (NYSE:CAL)

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