Caleres Inc (CAL) Upgraded by BidaskClub to “Hold”
Caleres Inc (NYSE:CAL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.
CAL has been the topic of several other reports. Zacks Investment Research downgraded Caleres from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price on the stock in a report on Tuesday, May 30th. TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Wedbush assumed coverage on Caleres in a report on Tuesday, April 11th. They set an “outperform” rating and a $32.00 price objective on the stock. Finally, UBS AG upgraded Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.40.
Caleres (CAL) traded up 0.42% during mid-day trading on Friday, hitting $26.29. 273,473 shares of the company were exchanged. Caleres has a 12 month low of $23.12 and a 12 month high of $36.61. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.02 and a beta of 1.07. The firm has a 50 day moving average price of $27.02 and a 200 day moving average price of $28.03.
Caleres (NYSE:CAL) last announced its earnings results on Thursday, May 25th. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $631.50 million for the quarter, compared to the consensus estimate of $621.31 million. Caleres had a return on equity of 9.43% and a net margin of 2.36%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. Analysts anticipate that Caleres will post $2.18 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Caleres by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the textile maker’s stock valued at $125,000 after buying an additional 60 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Caleres during the fourth quarter valued at about $228,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Caleres during the second quarter valued at about $204,000. Quantbot Technologies LP acquired a new stake in Caleres during the first quarter valued at about $209,000. Finally, Karp Capital Management Corp acquired a new stake in Caleres during the first quarter valued at about $225,000. Institutional investors own 84.63% of the company’s stock.
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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