Caleres Inc. (CAL) Trading Up 3.9%
Caleres Inc. (NYSE:CAL) was up 3.9% during mid-day trading on Monday . The stock traded as high as $26.45 and last traded at $26.43, with a volume of 424,742 shares traded. The stock had previously closed at $25.43.
Several equities research analysts have issued reports on CAL shares. BB&T Corp. upgraded Caleres from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, May 27th. Sterne Agee CRT reiterated a “buy” rating and issued a $30.00 price objective on shares of Caleres in a research report on Friday, May 27th. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Jefferies Group reiterated a “hold” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Caleres in a research report on Friday, March 18th. Finally, Susquehanna lowered their price objective on Caleres from $36.00 to $33.00 and set a “positive” rating on the stock in a research report on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.83.
The firm’s 50 day moving average price is $24.16 and its 200-day moving average price is $25.57. The stock has a market cap of $1.15 billion and a price-to-earnings ratio of 14.52.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by $0.02. During the same quarter last year, the firm earned $0.44 EPS. The company had revenue of $584.70 million for the quarter, compared to the consensus estimate of $610.58 million. The company’s revenue was down 2.9% compared to the same quarter last year. Analysts forecast that Caleres Inc. will post $2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.28 annualized dividend and a yield of 1.06%.
Other institutional investors have recently modified their holdings of the company. Foresters Investment Management Company Inc. purchased a new position in shares of Caleres during the fourth quarter valued at approximately $10,353,000. Systematic Financial Management LP purchased a new position in shares of Caleres during the fourth quarter valued at approximately $4,381,000. Paradigm Capital Management Inc. NY increased its position in shares of Caleres by 17.7% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 864,900 shares of the company’s stock valued at $23,197,000 after buying an additional 130,200 shares during the last quarter. Boston Partners purchased a new position in shares of Caleres during the fourth quarter valued at approximately $3,385,000. Finally, Sei Investments Co. increased its position in shares of Caleres by 3,061.6% in the fourth quarter. Sei Investments Co. now owns 96,239 shares of the company’s stock valued at $2,581,000 after buying an additional 93,195 shares during the last quarter.
Caleres, Inc, formerly Brown Shoe Company, 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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