Shares of Caleres Inc (NYSE:CAL) have been assigned an average rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.25.
A number of brokerages recently weighed in on CAL. Needham & Company LLC restated a “buy” rating and set a $24.00 price objective on shares of Caleres in a research report on Wednesday, November 27th. Loop Capital cut 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. ValuEngine raised shares of Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Susquehanna Bancshares reissued a “buy” rating and set a $26.00 price target on shares of Caleres in a report on Tuesday, November 26th. Finally, Zacks Investment Research cut Caleres from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd.
Several institutional investors and hedge funds have recently bought and sold shares of CAL. SG Americas Securities LLC increased its holdings in Caleres by 65.7% during the third quarter. SG Americas Securities LLC now owns 178,690 shares of the textile maker’s stock valued at $4,183,000 after buying an additional 70,881 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 purchasing an additional 22,335 shares in the last quarter. Peregrine Capital Management LLC bought a new position in Caleres in the 3rd quarter worth $8,691,000. Maverick Capital Ltd. bought a new position in Caleres in the 2nd quarter worth $2,151,000. Finally, Parallax Volatility Advisers L.P. lifted its position in Caleres by 30.2% during the second quarter. Parallax Volatility Advisers L.P. now owns 26,889 shares of the textile maker’s stock valued at $536,000 after purchasing an additional 6,238 shares in the last quarter. 97.07% of the stock is currently owned by institutional investors.
Caleres (NYSE:CAL) last issued its earnings results 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 business had revenue of $792.40 million during the quarter, compared to analysts’ expectations of $819.97 million. Caleres had a positive return on equity of 13.84% and a negative net margin of 0.44%. Caleres’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. As a group, sell-side analysts expect that Caleres will post 2.37 EPS for the current fiscal year.
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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