Caleres (NYSE:CAL – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
CAL has been the topic of a number of other reports. TheStreet raised Caleres from a “c+” rating to a “b” rating in a report on Thursday, June 1st. Piper Sandler downgraded Caleres from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $25.00 in a report on Thursday, May 25th.
Caleres Stock Performance
CAL opened at $25.98 on Tuesday. The company has a market capitalization of $942.29 million, a P/E ratio of 5.70 and a beta of 1.85. The stock has a fifty day moving average of $22.92 and a 200-day moving average of $23.31. Caleres has a fifty-two week low of $16.85 and a fifty-two week high of $31.13.
Caleres (NYSE:CAL – Get Free Report) last announced its earnings results on Thursday, June 1st. The textile maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $662.70 million for the quarter, compared to analysts’ expectations of $699.99 million. Caleres had a return on equity of 36.28% and a net margin of 5.73%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 earnings per share. On average, equities research analysts predict that Caleres will post 4.11 earnings per share for the current fiscal year.
Insider Transactions at Caleres
In other news, Director Carla C. Hendra sold 2,536 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $19.71, for a total value of $49,984.56. Following the completion of the sale, the director now directly owns 2,493 shares in the company, valued at $49,137.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Caleres news, CAO Todd E. Hasty sold 5,800 shares of Caleres stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $25.00, for a total value of $145,000.00. Following the sale, the chief accounting officer now owns 31,513 shares of the company’s stock, valued at approximately $787,825. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carla C. Hendra sold 2,536 shares of Caleres stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $19.71, for a total transaction of $49,984.56. Following the sale, the director now owns 2,493 shares of the company’s stock, valued at $49,137.03. The disclosure for this sale can be found here. Insiders have sold 16,336 shares of company stock worth $393,385 over the last quarter. 4.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Wexford Capital LP acquired a new stake in shares of Caleres in the 4th quarter valued at about $4,093,000. South Dakota Investment Council lifted its position in shares of Caleres by 25.5% in the 4th quarter. South Dakota Investment Council now owns 271,638 shares of the textile maker’s stock valued at $6,052,000 after acquiring an additional 55,268 shares in the last quarter. Assetmark Inc. lifted its position in shares of Caleres by 25.8% in the 4th quarter. Assetmark Inc. now owns 2,747 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 564 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Caleres by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,765,144 shares of the textile maker’s stock valued at $39,326,000 after acquiring an additional 81,847 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its position in shares of Caleres by 5.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 95,697 shares of the textile maker’s stock valued at $2,132,000 after acquiring an additional 4,761 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.
Caleres Company Profile
Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, Eastern Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products.