Caleres Inc. (NYSE:CAL)’s share price dropped 2.3% during mid-day trading on Thursday . The company traded as low as $26.28 and last traded at $26.31, with a volume of 56,010 shares traded. The stock had previously closed at $26.94.

CAL has been the subject of a number of research analyst reports. Jefferies Group lowered their price objective on shares of Caleres from $30.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, May 27th. Zacks Investment Research cut shares of Caleres from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. Sterne Agee CRT reiterated a “buy” rating and set a $30.00 price objective on shares of Caleres in a research report on Friday, May 27th. Susquehanna lowered their price objective on shares of Caleres from $36.00 to $33.00 and set a “positive” rating for the company in a research report on Monday, May 16th. Finally, BB&T Corp. cut shares of Caleres from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research report on Friday, May 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $29.83.

The firm has a market cap of $1.14 billion and a PE ratio of 14.39. The firm has a 50 day moving average price of $24.97 and a 200-day moving average price of $25.59.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, May 26th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $584.70 million for the quarter, compared to analyst estimates of $610.58 million. Caleres’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. On average, equities research analysts predict that Caleres Inc. will post $2.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, June 15th.

A number of large investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Caleres by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,599,981 shares of the company’s stock worth $69,732,000 after buying an additional 17,436 shares in the last quarter. Trexquant Investment LP increased its stake in shares of Caleres by 86.0% in the fourth quarter. Trexquant Investment LP now owns 52,259 shares of the company’s stock worth $1,402,000 after buying an additional 24,159 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake 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 worth $23,197,000 after buying an additional 130,200 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Caleres during the fourth quarter worth $4,381,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Caleres by 200.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 52,500 shares of the company’s stock worth $1,408,000 after buying an additional 35,000 shares in 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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