Caleres, Inc. (NYSE:CAL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, October 31st.
According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved 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. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
A number of other research firms also recently issued reports on CAL. BidaskClub downgraded Caleres from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet upgraded Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Macquarie reiterated an “outperform” rating and issued a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. Finally, Susquehanna Bancshares Inc reiterated a “buy” rating and issued a $31.00 price target on shares of Caleres in a research note on Tuesday, August 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.00.
Caleres (NYSE CAL) opened at $30.92 on Tuesday. The firm has a market capitalization of $1,328.51, a price-to-earnings ratio of 15.31, a PEG ratio of 1.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 0.38. Caleres has a 1-year low of $22.39 and a 1-year high of $36.61.
Caleres (NYSE:CAL) last announced its quarterly earnings data on Tuesday, August 29th. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $668.85 million. Caleres had a return on equity of 13.80% and a net margin of 2.26%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities research analysts anticipate that Caleres will post 2.18 EPS for the current year.
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In related news, SVP Douglas Koch sold 33,400 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $30.03, for a total value of $1,003,002.00. Following the completion of the transaction, the senior vice president now directly owns 103,837 shares of the company’s stock, valued at approximately $3,118,225.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new stake in shares of Caleres during the 2nd quarter valued at $142,000. YorkBridge Wealth Partners LLC purchased a new stake in shares of Caleres in the third quarter valued at $183,000. LaSalle Street Capital Management LLC purchased a new stake in shares of Caleres in the second quarter valued at $201,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Caleres in the second quarter valued at $204,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Caleres in the first quarter valued at $225,000. Institutional investors own 88.34% of the company’s stock.
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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