Caleres Inc. (NYSE:CAL)’s share price 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 changing hands.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. BB&T Corp. raised shares of Caleres from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, May 27th. Susquehanna reduced their price target 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. Sterne Agee CRT reissued a “buy” rating and set a $30.00 price target on shares of Caleres in a research report on Friday, May 27th. Finally, Jefferies Group reduced their price target 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Caleres has a consensus rating of “Buy” and an average price target of $29.83.

The company has a market cap of $1.13 billion and a P/E ratio of 14.25. The stock has a 50 day moving average of $25.67 and a 200 day moving average of $25.62.

Caleres (NYSE:CAL) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.02. The business had revenue of $584.70 million for the quarter, compared to the consensus estimate of $610.58 million. Caleres’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, equities analysts expect that Caleres Inc. will post $2.07 EPS for the current fiscal year.

A number of large investors recently added to or reduced their stakes in CAL. 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. 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. 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. Finally, 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.

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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