Caleres (NYSE:CAL) Trading 13.5% Higher

Caleres Inc (NYSE:CAL) traded up 13.5% during mid-day trading on Wednesday . The company traded as high as $6.11 and last traded at $6.55, 26,447 shares changed hands during trading. A decline of 98% from the average session volume of 1,089,364 shares. The stock had previously closed at $5.77.

A number of equities analysts have issued reports on the company. Wedbush decreased their price target on Caleres from $27.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Zacks Investment Research lowered Caleres from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. ValuEngine lowered Caleres from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Susquehanna Bancshares downgraded Caleres from a “positive” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Thursday, March 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Caleres in a research report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Caleres currently has an average rating of “Hold” and an average price target of $19.80.

The business has a 50-day moving average price of $11.10 and a 200 day moving average price of $19.46. The company has a market cap of $233.89 million, a price-to-earnings ratio of 3.98 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 0.31 and a debt-to-equity ratio of 1.27.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Caleres had a return on equity of 13.52% and a net margin of 2.15%. The company had revenue of $698.95 million during the quarter, compared to the consensus estimate of $698.18 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that Caleres Inc will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.60%. Caleres’s dividend payout ratio (DPR) is presently 13.33%.

Several large investors have recently made changes to their positions in the company. Pinnacle Financial Partners Inc. purchased a new stake in shares of Caleres in the fourth quarter valued at $68,000. Bank of Montreal Can lifted its holdings in shares of Caleres by 30.0% in the fourth quarter. Bank of Montreal Can now owns 6,081 shares of the textile maker’s stock valued at $144,000 after purchasing an additional 1,405 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Caleres by 22.3% in the third quarter. Public Employees Retirement System of Ohio now owns 6,378 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 1,162 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Caleres in the fourth quarter valued at $174,000. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Caleres by 4,646.0% in the fourth quarter. Panagora Asset Management Inc. now owns 7,641 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 7,480 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Caleres Company Profile (NYSE:CAL)

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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