Caleres (NYSE:CAL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $33.00 target price on the textile maker’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.62% from the stock’s previous close.

According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved 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. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “

Several other equities analysts also recently issued reports on CAL. Wedbush reiterated an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Susquehanna Bancshares reiterated a “buy” rating and issued a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group downgraded Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.17.

Caleres (NYSE:CAL) traded down $0.63 during trading on Friday, hitting $28.79. The company had a trading volume of 235,065 shares, compared to its average volume of 271,859. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. The company has a market cap of $1,250.00, a P/E ratio of 20.56, a PEG ratio of 1.27 and a beta of 1.05. Caleres has a 1-year low of $22.39 and a 1-year high of $34.34.

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

In other news, insider Richard M. Ausick sold 5,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $33.07, for a total transaction of $165,350.00. Following the completion of the sale, the insider now owns 90,834 shares in the company, valued at $3,003,880.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.57, for a total value of $850,077.00. 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 currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Caleres by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,814,134 shares of the textile maker’s stock worth $105,956,000 after acquiring an additional 30,772 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Caleres by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,626,003 shares of the textile maker’s stock worth $110,666,000 after acquiring an additional 37,987 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Caleres by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,988,467 shares of the textile maker’s stock worth $66,574,000 after acquiring an additional 14,759 shares during the last quarter. State Street Corp raised its position in shares of Caleres by 8.0% during the second quarter. State Street Corp now owns 1,251,450 shares of the textile maker’s stock worth $34,764,000 after acquiring an additional 92,687 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its position in shares of Caleres by 3.2% during the third quarter. Paradigm Capital Management Inc. NY now owns 939,900 shares of the textile maker’s stock worth $28,685,000 after acquiring an additional 28,800 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

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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.

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