Caleres (NYSE:CAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Other equities analysts have also issued reports about the company. Susquehanna Bancshares reissued a “buy” rating and set a $31.00 price target on shares of Caleres in a research note on Tuesday, August 29th. Macquarie reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Caleres in a research note on Sunday, October 1st. BidaskClub raised Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Wedbush reiterated an “outperform” rating and issued a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. Finally, ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $33.17.

Caleres (NYSE:CAL) traded down $0.72 during mid-day trading on Wednesday, hitting $31.71. The stock had a trading volume of 320,100 shares, compared to its average volume of 343,241. Caleres has a 52-week low of $22.39 and a 52-week high of $36.61. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1,393.38, a PE ratio of 16.13, a P/E/G ratio of 1.37 and a beta of 1.13.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The business 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 firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. analysts expect that Caleres will post 2.15 EPS for the current year.

In related news, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction 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 approximately $3,118,225.11. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Pacad Investment Ltd. purchased a new position in shares of Caleres during the 2nd quarter worth approximately $142,000. YorkBridge Wealth Partners LLC purchased a new position in shares of Caleres during the 3rd quarter worth approximately $183,000. LaSalle Street Capital Management LLC acquired a new position in shares of Caleres in the 2nd quarter valued at $201,000. Verition Fund Management LLC acquired a new position in shares of Caleres during the 2nd quarter valued at $229,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Caleres during the 3rd quarter valued at $244,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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About Caleres

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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