Caleres Inc (NYSE:CAL) Receives $28.25 Consensus Target Price from Brokerages

Caleres Inc (NYSE:CAL) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.25.

Several research firms have recently weighed in on CAL. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Loop Capital dropped their target price on shares of Caleres to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $24.00 price target on shares of Caleres in a report on Wednesday, November 27th. Susquehanna Bancshares reaffirmed a “buy” rating and set a $26.00 price target on shares of Caleres in a research report on Tuesday, November 26th. Finally, ValuEngine upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Several institutional investors and hedge funds have recently modified their holdings of CAL. First Trust Advisors LP boosted its position in shares of Caleres by 28.8% in the first 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. Strs Ohio raised its holdings in shares of Caleres by 7.3% during the 2nd quarter. Strs Ohio now owns 30,700 shares of the textile maker’s stock valued at $611,000 after buying an additional 2,100 shares during the period. SG Americas Securities LLC lifted its position in Caleres by 518.3% during the 2nd quarter. SG Americas Securities LLC now owns 107,809 shares of the textile maker’s stock worth $2,148,000 after acquiring an additional 90,373 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in Caleres in the 2nd quarter worth approximately $1,254,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Caleres by 30.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 95,810 shares of the textile maker’s stock worth $1,909,000 after acquiring an additional 22,335 shares during the period. Institutional investors own 97.07% of the company’s stock.

Shares of CAL stock traded down $0.52 on Monday, reaching $22.24. 404,105 shares of the stock were exchanged, compared to its average volume of 414,929. The company has a quick ratio of 0.29, a current ratio of 1.01 and a debt-to-equity ratio of 1.27. The stock has a market cap of $908.36 million, a P/E ratio of 10.06 and a beta of 0.83. The firm has a 50 day moving average of $22.74 and a two-hundred day moving average of $20.28. Caleres has a 1-year low of $14.30 and a 1-year high of $32.28.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Monday, November 25th. The textile maker reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). Caleres had a negative net margin of 0.44% and a positive return on equity of 13.84%. The firm had revenue of $792.40 million for the quarter, compared to analysts’ expectations of $819.97 million. Caleres’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. On average, equities research analysts predict that Caleres will post 2.37 EPS for the current fiscal year.

Caleres Company Profile

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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