Caleres (NYSE:CAL) Stock Rating Upgraded by ValuEngine

Caleres (NYSE:CAL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, August 28th. Susquehanna Bancshares set a $20.00 target price on Caleres and gave the company a “buy” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Caleres has an average rating of “Buy” and an average target price of $27.40.

Shares of NYSE CAL traded down $0.86 during trading on Wednesday, reaching $21.48. 290,781 shares of the company traded hands, compared to its average volume of 713,480. The firm’s fifty day simple moving average is $20.21 and its 200 day simple moving average is $21.28. The stock has a market cap of $922.61 million, a P/E ratio of 9.72 and a beta of 0.90. Caleres has a 12-month low of $14.30 and a 12-month high of $37.82. The company has a current ratio of 0.97, a quick ratio of 0.24 and a debt-to-equity ratio of 1.36.

Caleres (NYSE:CAL) last released its quarterly earnings data on Monday, August 26th. The textile maker reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $752.49 million during the quarter, compared to analyst estimates of $752.23 million. Caleres had a positive return on equity of 13.75% and a negative net margin of 0.41%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts expect that Caleres will post 2.42 EPS for the current year.

Several large investors have recently bought and sold shares of CAL. Bank of Montreal Can grew its position in shares of Caleres by 267.0% during the 2nd quarter. Bank of Montreal Can now owns 4,782 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 3,479 shares during the period. Quantamental Technologies LLC grew its position in shares of Caleres by 15.4% during the 2nd quarter. Quantamental Technologies LLC now owns 5,986 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 801 shares during the period. Lenox Wealth Management Inc. grew its position in shares of Caleres by 12.8% during the 2nd quarter. Lenox Wealth Management Inc. now owns 11,976 shares of the textile maker’s stock valued at $239,000 after acquiring an additional 1,360 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Caleres during the 2nd quarter valued at about $301,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Caleres during the 1st quarter valued at about $306,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.

About Caleres

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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Analyst Recommendations for Caleres (NYSE:CAL)

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