Caleres Inc (NYSE:CAL) saw unusually large options trading activity on Thursday. Investors acquired 4,472 call options on the stock. This represents an increase of approximately 957% compared to the average volume of 423 call options.

Shares of CAL opened at $21.49 on Friday. Caleres has a fifty-two week low of $22.27 and a fifty-two week high of $41.09. The firm has a market capitalization of $917.04 million, a P/E ratio of 9.72 and a beta of 0.74. The company has a current ratio of 1.14, a quick ratio of 0.34 and a debt-to-equity ratio of 0.31.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Caleres had a negative net margin of 0.19% and a positive return on equity of 13.26%. The firm had revenue of $720.26 million for the quarter, compared to the consensus estimate of $738.12 million. During the same quarter last year, the firm earned $0.48 EPS. The company’s revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Caleres will post 2.52 EPS for the current year.

CAL has been the topic of several research reports. Needham & Company LLC upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, April 22nd. Loop Capital upgraded shares of Caleres from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $32.00 in a research report on Wednesday, April 10th. Macquarie set a $38.00 price target on shares of Caleres and gave the stock a “buy” rating in a research report on Friday, March 22nd. TheStreet cut shares of Caleres from a “b-” rating to a “c” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.80.

Hedge funds have recently bought and sold shares of the business. First Hawaiian Bank bought a new position in Caleres during the fourth quarter valued at $25,000. Assetmark Inc. increased its position in Caleres by 52.2% during the first quarter. Assetmark Inc. now owns 2,010 shares of the textile maker’s stock valued at $50,000 after acquiring an additional 689 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new position in Caleres during the first quarter valued at $71,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Caleres by 52.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,272 shares of the textile maker’s stock valued at $81,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Cambria Investment Management L.P. bought a new position in Caleres during the first quarter valued at $118,000. Institutional investors and hedge funds own 93.38% of the company’s stock.

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About Caleres

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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