Caleres Inc. (CAL) Shares Down 2.3%
Caleres Inc. (NYSE:CAL) dropped 2.3% during trading on Thursday . The company traded as low as $26.28 and last traded at $26.31, with a volume of 56,010 shares. The stock had previously closed at $26.94.
CAL has been the topic of a number of recent analyst reports. BB&T Corp. restated a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of Caleres in a research note on Saturday, June 11th. Sterne Agee CRT restated a “buy” rating and set a $30.00 target price on shares of Caleres in a research note on Friday, May 27th. Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. Jefferies Group decreased their target price on shares of Caleres from $30.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, May 27th. Finally, Susquehanna decreased their target price on shares of Caleres from $36.00 to $33.00 and set a “positive” rating on the stock in a research note on Monday, May 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Caleres has a consensus rating of “Buy” and a consensus target price of $29.83.
The stock’s 50 day moving average is $24.94 and its 200-day moving average is $25.59. The company has a market cap of $1.14 billion and a PE ratio of 14.49.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $584.70 million for the quarter, compared to analysts’ expectations of $610.58 million. During the same quarter in the prior year, the business posted $0.44 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that Caleres Inc. will post $2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders 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 dividend yield of 1.06%.
A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised 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. Principal Financial Group Inc. raised its stake in shares of Caleres by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 1,129,507 shares of the company’s stock worth $30,293,000 after buying an additional 41,783 shares in the last quarter. Paradigm Capital Management Inc. NY raised 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. State of Wisconsin Investment Board raised its stake in shares of Caleres by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 436,529 shares of the company’s stock worth $11,708,000 after buying an additional 3,903 shares in the last quarter. Finally, Foresters Investment Management Company Inc. purchased a new stake in shares of Caleres during the fourth quarter worth approximately $10,353,000.
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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