Caleres (NYSE:CAL)‘s stock had its “buy” rating reiterated by stock analysts at Buckingham Research in a research note issued to investors on Wednesday. They currently have a $38.00 price objective on the textile maker’s stock, up from their prior price objective of $37.00. Buckingham Research’s price objective points to a potential upside of 19.99% from the company’s current price.
Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares restated a “buy” rating and set a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Friday, February 2nd. UBS Group downgraded shares of Caleres from a “positive” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, Wedbush restated an “outperform” rating and set a $32.00 price objective on shares of Caleres in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.83.
Shares of Caleres (NYSE CAL) traded down $0.50 during trading on Wednesday, hitting $31.67. 153,569 shares of the company traded hands, compared to its average volume of 305,670. The company has a market cap of $1,250.26, a price-to-earnings ratio of 15.85, a PEG ratio of 1.08 and a beta of 1.07. The company has a quick ratio of 0.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.29. Caleres has a 12 month low of $22.39 and a 12 month high of $34.34.
In other Caleres news, insider Richard M. Ausick sold 10,000 shares of Caleres stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total transaction of $334,500.00. Following the transaction, the insider now directly owns 90,834 shares of the company’s stock, valued at $3,038,397.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard M. Ausick sold 5,000 shares of Caleres stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $33.07, for a total transaction of $165,350.00. Following the transaction, the insider now directly owns 90,834 shares in the company, valued at $3,003,880.38. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock worth $1,294,350 over the last ninety days. 6.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Mosaic Family Wealth LLC purchased a new position in shares of Caleres during the fourth quarter worth approximately $140,000. Xact Kapitalforvaltning AB bought a new position in shares of Caleres in the fourth quarter worth approximately $201,000. Amalgamated Bank bought a new position in shares of Caleres in the fourth quarter worth approximately $204,000. Quantitative Systematic Strategies LLC bought a new position in shares of Caleres in the fourth quarter worth approximately $234,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Caleres by 440.0% in the third quarter. Cubist Systematic Strategies LLC now owns 10,362 shares of the textile maker’s stock worth $316,000 after purchasing an additional 8,443 shares during the last quarter. 89.68% of the stock is currently owned by hedge funds and other institutional investors.
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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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