Caleres (NYSE:CAL) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.800-$3.900 for the period, compared to the Thomson Reuters consensus estimate of $3.400. The company issued revenue guidance of -.
A number of research analysts have issued reports on the stock. Loop Capital upped their target price on shares of Caleres from $35.00 to $40.00 and gave the company a buy rating in a research report on Friday, November 19th. Zacks Investment Research upgraded shares of Caleres from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Monday.
Caleres stock traded down $0.43 during trading hours on Thursday, reaching $27.37. 484,438 shares of the company’s stock traded hands, compared to its average volume of 524,326. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.30 and a current ratio of 0.81. Caleres has a fifty-two week low of $11.17 and a fifty-two week high of $29.36. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 48.88 and a beta of 2.59. The firm’s 50 day moving average is $24.26 and its 200-day moving average is $24.85.
In other news, CEO Diane M. Sullivan sold 17,900 shares of the company’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $25.56, for a total value of $457,524.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane M. Sullivan sold 18,392 shares of the stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $27.55, for a total value of $506,699.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,924 shares of company stock valued at $2,647,722. 4.80% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Caleres stock. Morgan Stanley raised its holdings in shares of Caleres, Inc. (NYSE:CAL) by 117.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 345,368 shares of the textile maker’s stock after acquiring an additional 186,442 shares during the quarter. Morgan Stanley owned approximately 0.90% of Caleres worth $9,424,000 at the end of the most recent reporting period. 83.45% of the stock is owned by institutional investors.
Caleres, Inc engages in the retail and wholesale of footwear. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family. The Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing, developing, sourcing, manufacturing, and marketing branded footwear for women and men.
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