Caleres (NYSE:CAL – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Separately, Zacks Investment Research lowered shares of Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Caleres currently has a consensus rating of “Buy” and a consensus target price of $33.00.
Caleres stock traded down $0.09 during midday trading on Monday, reaching $20.12. The stock had a trading volume of 474,625 shares, compared to its average volume of 638,898. Caleres has a 52-week low of $17.82 and a 52-week high of $29.36. The firm has a market cap of $766.37 million, a price-to-earnings ratio of 5.67 and a beta of 2.43. The company has a fifty day moving average of $21.47 and a 200 day moving average of $22.88.
Caleres (NYSE:CAL – Get Rating) last posted its quarterly earnings data on Tuesday, March 15th. The textile maker reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.24. Caleres had a net margin of 4.93% and a return on equity of 61.12%. The company had revenue of $679.28 million for the quarter, compared to analyst estimates of $680.15 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Caleres will post 3.88 EPS for the current fiscal year.
In other news, Director Carla C. Hendra sold 3,261 shares of the stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $20.74, for a total transaction of $67,633.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Todd E. Hasty acquired 2,500 shares of the company’s stock in a transaction dated Thursday, March 17th. The shares were acquired at an average price of $21.00 per share, for a total transaction of $52,500.00. The disclosure for this purchase can be found here. Company insiders own 4.80% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CAL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Caleres in the fourth quarter valued at approximately $27,000. CWM LLC acquired a new stake in Caleres in the fourth quarter valued at approximately $28,000. First Quadrant L P CA acquired a new stake in Caleres in the third quarter valued at approximately $35,000. Trust Co. of Vermont acquired a new stake in Caleres in the fourth quarter valued at approximately $52,000. Finally, Meeder Asset Management Inc. boosted its stake in Caleres by 58.0% in the third quarter. Meeder Asset Management Inc. now owns 4,189 shares of the textile maker’s stock valued at $93,000 after acquiring an additional 1,537 shares in the last quarter. Institutional investors own 82.62% of the company’s stock.
Caleres, Inc engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men.