Caleres, Inc. (NYSE:CAL) shares hit a new 52-week low on Monday . The stock traded as low as $22.70 and last traded at $22.68, with a volume of 240,115 shares. The stock had previously closed at $23.50.

CAL has been the topic of several recent analyst reports. BidaskClub lowered shares of Caleres from a “hold” rating to a “sell” rating in a report on Friday, July 28th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a report on Tuesday, May 30th. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, July 12th. TheStreet raised shares of Caleres from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc raised shares of Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price for the company in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.40.

The stock has a 50 day moving average price of $26.38 and a 200-day moving average price of $27.51. The firm has a market capitalization of $1.04 billion, a PE ratio of 16.62 and a beta of 1.07.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Caleres had a return on equity of 13.80% and a net margin of 2.39%. The business had revenue of $631.50 million for the quarter, compared to the consensus estimate of $621.31 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that Caleres, Inc. will post $2.18 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Caleres by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,457 shares of the textile maker’s stock valued at $329,000 after buying an additional 896 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Caleres by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 657,535 shares of the textile maker’s stock valued at $17,372,000 after buying an additional 25,941 shares in the last quarter. American Century Companies Inc. increased its position in shares of Caleres by 0.7% in the first quarter. American Century Companies Inc. now owns 47,556 shares of the textile maker’s stock valued at $1,256,000 after buying an additional 343 shares in the last quarter. LSV Asset Management increased its position in shares of Caleres by 18.8% in the first quarter. LSV Asset Management now owns 30,900 shares of the textile maker’s stock valued at $816,000 after buying an additional 4,900 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Caleres by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 59,479 shares of the textile maker’s stock valued at $1,571,000 after buying an additional 3,131 shares in the last quarter. 83.92% of the stock is currently owned by institutional investors and hedge funds.

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About Caleres

Caleres, 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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