Caleres (NYSE:CAL - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.
Separately, Loop Capital lowered their target price on Caleres from $45.00 to $30.00 and set a "hold" rating for the company in a report on Friday, September 13th.
Read Our Latest Stock Analysis on Caleres
Shares of CAL traded down $0.78 during mid-day trading on Thursday, reaching $31.21. 695,402 shares of the company's stock traded hands, compared to its average volume of 532,053. Caleres has a 12 month low of $24.71 and a 12 month high of $44.51. The stock has a market cap of $1.10 billion, a P/E ratio of 6.61 and a beta of 1.93. The stock's 50-day moving average is $37.17 and its two-hundred day moving average is $36.38.
Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, September 12th. The textile maker reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.37). The company had revenue of $683.30 million for the quarter, compared to analysts' expectations of $723.80 million. Caleres had a net margin of 5.84% and a return on equity of 24.63%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Research analysts predict that Caleres will post 4.04 earnings per share for the current year.
In other Caleres news, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.07, for a total value of $176,891.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the transaction, the insider now directly owns 150,449 shares of the company's stock, valued at approximately $5,333,417.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carla C. Hendra sold 5,349 shares of Caleres stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $33.07, for a total transaction of $176,891.43. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of Caleres in the 4th quarter valued at $545,000. Vanguard Group Inc. grew its stake in Caleres by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,133,902 shares of the textile maker's stock valued at $96,305,000 after purchasing an additional 17,567 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Caleres by 0.9% in the first quarter. New York State Teachers Retirement System now owns 51,107 shares of the textile maker's stock valued at $2,097,000 after purchasing an additional 473 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Caleres in the first quarter worth about $1,641,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Caleres during the first quarter worth about $236,000. Institutional investors and hedge funds own 98.44% of the company's stock.
Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.
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