ValuEngine upgraded shares of Caleres (NYSE:CAL) from a hold rating to a buy rating in a research report report published on Friday morning.
CAL has been the topic of a number of other reports. Zacks Investment Research lowered shares of Caleres from a buy rating to a hold rating in a research note on Tuesday, September 5th. Susquehanna Bancshares reaffirmed a buy rating and issued a $31.00 price target on shares of Caleres in a research note on Tuesday, August 29th. BidaskClub raised shares of Caleres from a sell rating to a hold rating in a research note on Friday, August 4th. Wedbush reaffirmed an outperform rating and issued a $32.00 price target on shares of Caleres in a research note on Wednesday, November 22nd. Finally, Macquarie reaffirmed an outperform rating and issued a $37.00 price target on shares of Caleres in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $33.17.
Shares of Caleres (NYSE CAL) opened at $32.43 on Friday. Caleres has a 12-month low of $22.39 and a 12-month high of $36.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.49 and a current ratio of 1.93. The company has a market capitalization of $1,350.85, a PE ratio of 15.64, a PEG ratio of 1.33 and a beta of 1.13.
In other Caleres news, CEO Diane M. Sullivan sold 26,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Koch sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the completion of the transaction, the senior vice president now directly owns 103,837 shares in the company, valued at $3,118,225.11. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacad Investment Ltd. purchased a new position in Caleres in the 2nd quarter worth approximately $142,000. YorkBridge Wealth Partners LLC purchased a new position in Caleres in the 3rd quarter worth approximately $183,000. LaSalle Street Capital Management LLC purchased a new position in Caleres in the 2nd quarter worth approximately $201,000. Fox Run Management L.L.C. purchased a new position in Caleres in the 3rd quarter worth approximately $244,000. Finally, Verition Fund Management LLC purchased a new position in Caleres in the 2nd quarter worth approximately $229,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.
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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.
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