Caleres (NYSE:CAL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a note issued to investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Caleres from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. ValuEngine downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Loop Capital set a $30.00 price objective on Caleres and gave the company a “hold” rating in a research note on Wednesday, November 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.75.

CAL stock opened at $27.11 on Tuesday. The company has a market capitalization of $1.17 billion, a PE ratio of 12.55 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.19 and a quick ratio of 0.39. Caleres has a 12-month low of $26.60 and a 12-month high of $41.09.

Caleres declared that its board has approved a stock repurchase plan on Friday, December 14th that permits the company to repurchase 2,500,000 outstanding shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

In related news, insider Daniel R. Freidman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the insider now owns 74,046 shares in the company, valued at $2,221,380. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Caleres by 2.5% during the fourth quarter. BlackRock Inc. now owns 6,239,781 shares of the textile maker’s stock worth $173,655,000 after acquiring an additional 153,855 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Caleres by 2.0% during 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. Vanguard Group Inc lifted its position in shares of Caleres by 2.0% during 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. Franklin Resources Inc. lifted its position in shares of Caleres by 3.9% during the third quarter. Franklin Resources Inc. now owns 3,272,167 shares of the textile maker’s stock worth $117,340,000 after acquiring an additional 121,360 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Caleres by 2.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,410,505 shares of the textile maker’s stock worth $39,254,000 after acquiring an additional 32,332 shares in the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

Caleres Company Profile

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.

Further Reading: Ex-Dividend

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