Caleres Inc (NYSE:CAL) has received an average rating of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.50.
CAL has been the subject of a number of analyst reports. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Macquarie raised their price target on Caleres from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Needham & Company LLC restated a “hold” rating on shares of Caleres in a research report on Thursday, June 28th. Finally, Loop Capital set a $37.00 price target on Caleres and gave the stock a “hold” rating in a research report on Tuesday, September 4th.
CAL stock traded up $0.07 during midday trading on Wednesday, hitting $34.30. The company’s stock had a trading volume of 199,064 shares, compared to its average volume of 372,636. Caleres has a 12 month low of $26.54 and a 12 month high of $41.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 0.53. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 15.85 and a beta of 0.90.
Caleres (NYSE:CAL) last posted its earnings results on Tuesday, September 4th. The textile maker reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $706.61 million for the quarter, compared to the consensus estimate of $709.15 million. Caleres had a net margin of 3.39% and a return on equity of 13.94%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. Sell-side analysts anticipate that Caleres will post 2.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 17th were paid a $0.07 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Caleres’s payout ratio is 12.96%.
In other Caleres news, CEO Diane M. Sullivan sold 10,000 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $37.33, for a total value of $373,300.00. Following the sale, the chief executive officer now owns 465,303 shares in the company, valued at $17,369,760.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Diane M. Sullivan sold 20,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total value of $765,600.00. Following the completion of the sale, the chief executive officer now owns 473,534 shares in the company, valued at approximately $18,126,881.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,000 shares of company stock worth $1,518,900. Insiders own 5.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Caleres by 0.5% during the first quarter. BlackRock Inc. now owns 5,429,116 shares of the textile maker’s stock valued at $182,417,000 after buying an additional 28,880 shares during the period. Citigroup Inc. increased its stake in shares of Caleres by 176.0% during the first quarter. Citigroup Inc. now owns 21,702 shares of the textile maker’s stock valued at $729,000 after buying an additional 13,840 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Caleres during the first quarter valued at $292,000. Principal Financial Group Inc. increased its stake in shares of Caleres by 0.3% during the first quarter. Principal Financial Group Inc. now owns 1,113,643 shares of the textile maker’s stock valued at $37,418,000 after buying an additional 3,192 shares during the period. Finally, UBS Group AG increased its stake in shares of Caleres by 1,272.1% during the first quarter. UBS Group AG now owns 74,148 shares of the textile maker’s stock valued at $2,491,000 after buying an additional 68,744 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.
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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