ValuEngine downgraded shares of Caleres (NYSE:CAL) from a buy rating to a hold rating in a research report released on Tuesday.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Caleres from a buy rating to a hold rating in a research report on Tuesday, October 30th. Macquarie raised their target price on shares of Caleres from $38.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, September 5th. Loop Capital set a $37.00 target price on shares of Caleres and gave the company a hold rating in a research report on Tuesday, September 4th. Finally, Wedbush raised their target price on shares of Caleres from $38.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday, August 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $39.50.

Shares of CAL stock opened at $31.03 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.73 and a debt-to-equity ratio of 0.27. Caleres has a 12-month low of $27.10 and a 12-month high of $41.09. The firm has a market cap of $1.39 billion, a PE ratio of 13.95 and a beta of 0.94.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, September 4th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Caleres had a return on equity of 13.94% and a net margin of 3.39%. The company had revenue of $706.61 million for the quarter, compared to the consensus estimate of $709.15 million. During the same period in the prior year, the company earned $0.48 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Caleres will post 2.5 EPS for the current fiscal year.

In other news, CEO Diane M. Sullivan sold 10,000 shares of Caleres stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $37.33, for a total value of $373,300.00. Following the completion of the transaction, the chief executive officer now owns 465,303 shares of the company’s stock, valued at approximately $17,369,760.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Diane M. Sullivan sold 20,000 shares of Caleres stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $38.28, for a total transaction of $765,600.00. Following the completion of the transaction, the chief executive officer now directly owns 473,534 shares of the company’s stock, valued at approximately $18,126,881.52. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Caleres by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 93,803 shares of the textile maker’s stock valued at $3,252,000 after acquiring an additional 5,685 shares during the period. Voya Investment Management LLC grew its position in shares of Caleres by 6.0% in the 2nd quarter. Voya Investment Management LLC now owns 540,736 shares of the textile maker’s stock valued at $18,596,000 after acquiring an additional 30,751 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in shares of Caleres by 12.9% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 622,567 shares of the textile maker’s stock valued at $22,325,000 after acquiring an additional 71,315 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Caleres by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 464,900 shares of the textile maker’s stock valued at $15,988,000 after acquiring an additional 27,677 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Caleres in the 2nd quarter valued at about $12,885,000. 91.00% of the stock is owned by institutional investors.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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Analyst Recommendations for Caleres (NYSE:CAL)

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