Several brokerages have updated their recommendations and price targets on shares of Caleres (NYSE: CAL) in the last few weeks:
- 11/27/2019 – Caleres was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
- 11/27/2019 – Caleres had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $24.00 price target on the stock.
- 11/26/2019 – Caleres had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $26.00 price target on the stock.
- 11/26/2019 – Caleres had its price target lowered by analysts at Loop Capital to $25.00. They now have a “buy” rating on the stock.
- 11/21/2019 – Caleres had its price target lowered by analysts at Needham & Company LLC from $28.00 to $26.00. They now have a “buy” rating on the stock.
- 11/19/2019 – Caleres was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
- 11/5/2019 – Caleres had its “hold” rating reaffirmed by analysts at Peel Hunt.
- 10/29/2019 – Caleres was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
- 10/3/2019 – Caleres had its price target raised by analysts at Loop Capital to $30.00. They now have a “buy” rating on the stock.
- 10/3/2019 – Caleres had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $28.00 price target on the stock.
- 10/2/2019 – Caleres was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
NYSE:CAL traded down $0.50 during trading hours on Friday, reaching $21.58. 11,592 shares of the company were exchanged, compared to its average volume of 418,071. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 1.27. The stock’s 50-day moving average is $22.64 and its 200-day moving average is $20.37. The firm has a market cap of $925.46 million, a PE ratio of 9.76 and a beta of 0.89. Caleres Inc has a twelve month low of $14.30 and a twelve month high of $32.28.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Monday, November 25th. The textile maker reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). The company had revenue of $792.40 million for the quarter, compared to analyst estimates of $819.97 million. Caleres had a positive return on equity of 13.84% and a negative net margin of 0.44%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. As a group, research analysts anticipate that Caleres Inc will post 2.37 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in shares of Caleres by 5.7% during the second quarter. Macquarie Group Ltd. now owns 1,507,918 shares of the textile maker’s stock worth $30,038,000 after buying an additional 81,681 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Caleres by 5.4% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,164,550 shares of the textile maker’s stock worth $23,198,000 after buying an additional 59,900 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Caleres by 27.9% during the second quarter. Schroder Investment Management Group now owns 801,905 shares of the textile maker’s stock worth $15,974,000 after buying an additional 175,003 shares in the last quarter. Morgan Stanley grew its holdings in shares of Caleres by 20.8% during the second quarter. Morgan Stanley now owns 687,794 shares of the textile maker’s stock worth $13,702,000 after buying an additional 118,550 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Caleres by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 652,653 shares of the textile maker’s stock worth $13,002,000 after buying an additional 29,439 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.
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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