Caleres Inc. (CAL) Shares Gap Up to $25.30
Shares of Caleres Inc. (NYSE:CAL) gapped up before the market opened on Thursday . The stock had previously closed at $25.19, but opened at $25.30. Caleres shares last traded at $25.72, with a volume of 121,653 shares trading hands.
Several analysts have recently weighed in on CAL shares. Sterne Agee CRT reaffirmed a “buy” rating and set a $30.00 price target on shares of Caleres in a research note on Friday, May 27th. BB&T Corp. raised shares of Caleres from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, May 27th. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Jefferies Group reduced their price objective on shares of Caleres from $30.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 27th. Finally, Susquehanna reduced their price objective on shares of Caleres from $36.00 to $33.00 and set a “positive” rating for the company in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Caleres currently has a consensus rating of “Buy” and an average price target of $29.83.
The stock has a market cap of $1.12 billion and a price-to-earnings ratio of 14.16. The stock has a 50-day moving average of $25.62 and a 200-day moving average of $25.63.
Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.02. The firm had revenue of $584.70 million for the quarter, compared to analyst estimates of $610.58 million. During the same period last year, the business posted $0.44 earnings per share. Caleres’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Caleres Inc. will post $2.07 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of CAL. New York State Common Retirement Fund boosted its stake in Caleres by 96.9% in the fourth quarter. New York State Common Retirement Fund now owns 180,200 shares of the company’s stock valued at $4,833,000 after buying an additional 88,670 shares during the period. Principal Financial Group Inc. boosted its stake in Caleres by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,129,507 shares of the company’s stock valued at $30,293,000 after buying an additional 41,783 shares during the period. Systematic Financial Management LP purchased a new stake in Caleres during the fourth quarter valued at $4,381,000. Trexquant Investment LP boosted its stake in Caleres by 86.0% in the fourth quarter. Trexquant Investment LP now owns 52,259 shares of the company’s stock valued at $1,402,000 after buying an additional 24,159 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Caleres by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,599,981 shares of the company’s stock valued at $69,732,000 after buying an additional 17,436 shares during the period.
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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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