Wedbush reissued their outperform rating on shares of Caleres (NYSE:CAL) in a research note issued to investors on Wednesday, November 22nd, MarketBeat.com reports. Wedbush currently has a $32.00 target price on the textile maker’s stock. Wedbush also issued estimates for Caleres’ Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.42 EPS.
Several other brokerages have also recently commented on CAL. BidaskClub cut shares of Caleres from a hold rating to a sell rating in a research note on Friday, July 28th. TheStreet upgraded shares of Caleres from a c+ rating to a b- rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Caleres from a buy rating to a hold rating in a research note on Friday, August 18th. Finally, Susquehanna Bancshares reiterated a buy rating and issued a $31.00 price objective on shares of Caleres in a research note on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Caleres currently has a consensus rating of Buy and an average price target of $33.17.
Caleres (NYSE:CAL) traded up $0.25 during midday trading on Wednesday, hitting $32.22. 266,419 shares of the company were exchanged, compared to its average volume of 342,678. The stock has a market cap of $1,362.45, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. Caleres has a 1 year low of $22.39 and a 1 year high of $36.61.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. equities analysts expect that Caleres will post 2.12 earnings per share for the current year.
In other Caleres news, SVP Douglas Koch sold 33,400 shares of Caleres stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at $3,118,225.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Diane M. Sullivan sold 26,100 shares of Caleres stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total transaction of $850,077.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Caleres by 45,530.3% during the first quarter. BlackRock Inc. now owns 5,242,013 shares of the textile maker’s stock valued at $138,493,000 after buying an additional 5,230,525 shares in the last quarter. Vanguard Group Inc. lifted its position in Caleres by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after buying an additional 30,772 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Caleres by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,626,003 shares of the textile maker’s stock worth $110,666,000 after purchasing an additional 37,987 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Caleres by 13.6% during the second quarter. Alliancebernstein L.P. now owns 3,164,709 shares of the textile maker’s stock worth $87,916,000 after purchasing an additional 379,868 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Caleres by 10.0% during the third quarter. Victory Capital Management Inc. now owns 1,973,708 shares of the textile maker’s stock worth $60,237,000 after purchasing an additional 178,870 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Caleres Company Profile
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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