Caleres, Inc. (CAL) Given Consensus Recommendation of “Buy” by Analysts
Shares of Caleres, Inc. (NYSE:CAL) have received a consensus rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $33.00.
CAL has been the subject of several recent analyst reports. BidaskClub cut Caleres from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th.
In related news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction on Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the sale, the senior vice president now owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. grew its holdings in shares of Caleres by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,613 shares of the textile maker’s stock worth $434,000 after acquiring an additional 41 shares during the period. US Bancorp DE grew its holdings in shares of Caleres by 0.5% in the second quarter. US Bancorp DE now owns 10,274 shares of the textile maker’s stock worth $285,000 after acquiring an additional 49 shares during the period. Arizona State Retirement System grew its holdings in shares of Caleres by 0.4% in the second quarter. Arizona State Retirement System now owns 22,442 shares of the textile maker’s stock worth $623,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund grew its holdings in shares of Caleres by 1.1% in the second quarter. Texas Permanent School Fund now owns 31,422 shares of the textile maker’s stock worth $873,000 after acquiring an additional 331 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Caleres by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 81,921 shares of the textile maker’s stock worth $2,164,000 after acquiring an additional 338 shares during the period. 87.42% of the stock is owned by institutional investors.
Shares of Caleres (NYSE CAL) opened at 30.17 on Wednesday. The company’s 50-day moving average price is $29.11 and its 200 day moving average price is $27.32. The company has a market cap of $1.30 billion, a P/E ratio of 21.41 and a beta of 1.07. Caleres has a one year low of $22.39 and a one year high of $36.61.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Caleres will post $2.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, September 15th. Caleres’s payout ratio is currently 19.86%.
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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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