Caleres (NYSE:CAL) Shares Down 5.6%

Caleres Inc (NYSE:CAL)’s share price traded down 5.6% on Wednesday . The stock traded as low as $18.26 and last traded at $18.34, 792,576 shares traded hands during mid-day trading. An increase of 23% from the average session volume of 642,648 shares. The stock had previously closed at $19.42.

Several research analysts have weighed in on the stock. Loop Capital upgraded shares of Caleres from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $32.00 in a research note on Wednesday, April 10th. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. ValuEngine downgraded shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, June 5th. Finally, Macquarie reissued a “buy” rating on shares of Neo Lithium in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.80.

The company has a quick ratio of 0.26, a current ratio of 0.97 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $814.93 million, a P/E ratio of 8.30 and a beta of 0.95. The business has a 50-day moving average of $19.20.



Caleres (NYSE:CAL) last posted its earnings results on Monday, June 3rd. The textile maker reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $677.80 million during the quarter, compared to the consensus estimate of $672.90 million. Caleres had a negative net margin of 0.47% and a positive return on equity of 13.16%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, sell-side analysts predict that Caleres Inc will post 2.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, June 14th. Caleres’s dividend payout ratio is currently 12.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in shares of Caleres by 28.8% during the 1st quarter. First Trust Advisors LP now owns 58,242 shares of the textile maker’s stock worth $1,438,000 after buying an additional 13,035 shares during the period. Cooper Creek Partners Management LLC bought a new stake in shares of Caleres during the 1st quarter worth $9,333,000. Kennedy Capital Management Inc. bought a new stake in shares of Caleres during the 1st quarter worth $2,469,000. State of Wisconsin Investment Board boosted its holdings in shares of Caleres by 33.4% during the 1st quarter. State of Wisconsin Investment Board now owns 426,800 shares of the textile maker’s stock worth $10,538,000 after buying an additional 106,800 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its holdings in shares of Caleres by 0.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,104,650 shares of the textile maker’s stock worth $27,274,000 after buying an additional 2,800 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

About Caleres (NYSE:CAL)

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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