Caleres Inc. (NYSE:CAL) shares saw unusually-strong trading volume on Tuesday . Approximately 289,317 shares changed hands during trading, an increase of 8% from the previous session’s volume of 267,638 shares.The stock last traded at $25.99 and had previously closed at $25.93.

A number of equities analysts recently issued reports on CAL shares. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. 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. 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. BB&T Corp. cut shares of Caleres from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a research report on Friday, May 27th. Finally, Jefferies Group decreased 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Caleres presently has an average rating of “Buy” and a consensus price target of $29.83.

The stock’s 50-day moving average is $25.73 and its 200 day moving average is $25.63. The firm has a market capitalization of $1.14 billion and a PE ratio of 14.41.

A hedge fund recently raised its stake in Caleres stock. Trexquant Investment LP boosted its position in shares of Caleres Inc. (NYSE:CAL) by 86.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,259 shares of the company’s stock after buying an additional 24,159 shares during the period. Trexquant Investment LP owned 0.12% of Caleres worth $1,402,000 as of its most recent SEC filing.

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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