Caleres, Inc. (CAL) Receives $33.00 Consensus Target Price from Analysts

Caleres, Inc. (NYSE:CAL) has been assigned an average rating of “Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $33.00.

CAL has been the subject of several analyst reports. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Susquehanna Bancshares reiterated a “buy” rating and issued a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, September 27th. Macquarie reiterated an “outperform” rating and issued a $37.00 target price on shares of Caleres in a report on Sunday, October 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $32.00 target price on shares of Caleres in a report on Wednesday, November 22nd.

In other Caleres news, insider Richard M. Ausick sold 10,000 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $33.45, for a total transaction of $334,500.00. Following the completion of the transaction, the insider now owns 90,834 shares in the company, valued at $3,038,397.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Diane M. Sullivan sold 15,000 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $34.00, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now owns 609,578 shares of the company’s stock, valued at approximately $20,725,652. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,100 shares of company stock valued at $1,859,927. 6.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC boosted its position in shares of Caleres by 14.5% in the second quarter. Parametric Portfolio Associates LLC now owns 152,863 shares of the textile maker’s stock valued at $4,247,000 after acquiring an additional 19,341 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Caleres in the third quarter valued at approximately $3,684,000. Vanguard Group Inc. boosted its position in shares of Caleres by 0.8% in the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock valued at $105,956,000 after acquiring an additional 30,772 shares during the period. Paradigm Capital Management Inc. NY boosted its position in shares of Caleres by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 911,100 shares of the textile maker’s stock valued at $25,310,000 after acquiring an additional 22,200 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Caleres by 48.9% in the second quarter. Thrivent Financial For Lutherans now owns 237,775 shares of the textile maker’s stock valued at $6,605,000 after acquiring an additional 78,110 shares during the period. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Caleres (CAL) traded up $0.57 on Monday, reaching $32.94. 364,283 shares of the company’s stock traded hands, compared to its average volume of 289,457. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. Caleres has a 1 year low of $22.39 and a 1 year high of $34.34. The firm has a market capitalization of $1,370.00, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13.

Caleres (NYSE:CAL) last released its quarterly earnings data on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Caleres had a return on equity of 13.59% and a net margin of 2.21%. The business had revenue of $774.66 million for the quarter, compared to analyst estimates of $785.75 million. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. analysts forecast that Caleres will post 2.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.28 annualized dividend and a yield of 0.85%. Caleres’s payout ratio is currently 20.00%.

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About Caleres

Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged 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. The Company operates through two segments: Famous Footwear and Brand Portfolio.

Analyst Recommendations for Caleres (NYSE:CAL)

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