Susquehanna Bancshares upgraded shares of Caleres (NYSE:CAL) from a negative rating to a positive rating in a research note issued to investors on Friday, Briefing.com Automated Import reports. They currently have $7.00 target price on the textile maker’s stock.
Several other brokerages have also recently commented on CAL. Loop Capital boosted their target price on Caleres from $15.00 to $20.00 and gave the stock a buy rating in a report on Friday, June 5th. They noted that the move was a valuation call. Needham & Company LLC assumed coverage on Caleres in a report on Tuesday, June 2nd. They issued a hold rating on the stock. TheStreet cut Caleres from a c- rating to a d rating in a report on Thursday, June 4th. ValuEngine raised Caleres from a buy rating to a strong-buy rating in a report on Tuesday, July 7th. Finally, Zacks Investment Research cut Caleres from a hold rating to a sell rating in a report on Friday, June 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $18.40.
Shares of NYSE:CAL opened at $7.19 on Friday. Caleres has a 12 month low of $3.12 and a 12 month high of $24.86. The stock has a market cap of $289.28 million, a price-to-earnings ratio of -0.94 and a beta of 2.11. The stock’s 50 day moving average price is $8.09 and its 200 day moving average price is $11.39. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.94 and a quick ratio of 0.39.
Caleres (NYSE:CAL) last announced its earnings results on Thursday, June 4th. The textile maker reported ($1.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by ($0.44). Caleres had a positive return on equity of 3.78% and a negative net margin of 11.06%. The firm had revenue of $397.18 million for the quarter, compared to the consensus estimate of $426.91 million. During the same period in the previous year, the firm earned $0.36 EPS. Caleres’s revenue for the quarter was down 41.4% on a year-over-year basis. On average, sell-side analysts expect that Caleres will post -2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, June 11th. Caleres’s dividend payout ratio (DPR) is currently 13.33%.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Caleres by 5,295.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,553 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 7,413 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Caleres during the 1st quarter valued at $55,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Caleres by 32.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 11,390 shares of the textile maker’s stock valued at $59,000 after acquiring an additional 2,783 shares in the last quarter. Homrich & Berg purchased a new position in shares of Caleres during the 1st quarter valued at $65,000. Finally, Creative Planning purchased a new position in shares of Caleres during the 1st quarter valued at $78,000. Institutional investors and hedge funds own 92.04% 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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