Zacks Investment Research downgraded shares of Caleres (NYSE:CAL) from a buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved 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. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
CAL has been the topic of a number of other research reports. UBS Group cut Caleres from a positive rating to a neutral rating in a research note on Tuesday, January 23rd. ValuEngine lowered Caleres from a buy rating to a hold rating in a research report on Friday, February 2nd. Susquehanna Bancshares restated a neutral rating and set a $33.00 price objective (up from $32.00) on shares of Caleres in a research report on Tuesday, January 23rd. Finally, Wedbush restated an outperform rating and set a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Caleres has an average rating of Hold and an average price target of $33.17.
Caleres (NYSE:CAL) opened at $28.57 on Tuesday. The firm has a market capitalization of $1,256.28, a PE ratio of 20.41, a P/E/G ratio of 1.05 and a beta of 1.05. Caleres has a 12 month low of $22.39 and a 12 month high of $34.34. 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 issued its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The company had revenue of $774.66 million during the quarter, compared to analysts’ expectations of $785.75 million. Caleres had a return on equity of 13.59% and a net margin of 2.21%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. analysts expect that Caleres will post 2.12 earnings per share for the current fiscal year.
In other news, insider Richard M. Ausick sold 5,000 shares of Caleres stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $33.07, for a total transaction of $165,350.00. Following the completion of the sale, the insider now directly owns 90,834 shares in the company, valued at approximately $3,003,880.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Diane M. Sullivan sold 15,000 shares of Caleres stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $34.00, for a total value of $510,000.00. Following the sale, the chief executive officer now owns 609,578 shares of the company’s stock, valued at $20,725,652. The disclosure for this sale can be found here. Insiders have sold a total of 66,100 shares of company stock valued at $2,144,427 over the last 90 days. Corporate insiders own 6.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Caleres by 14.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock valued at $4,247,000 after buying an additional 19,341 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Caleres by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after buying an additional 30,772 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Caleres during the 3rd quarter valued at about $3,684,000. Paradigm Capital Management Inc. NY lifted its holdings in shares of Caleres by 3.2% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 939,900 shares of the textile maker’s stock valued at $28,685,000 after buying an additional 28,800 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Caleres by 20.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,589 shares of the textile maker’s stock valued at $12,562,000 after buying an additional 71,031 shares during the last quarter. Institutional investors and hedge funds own 83.34% of the company’s stock.
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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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