Caleres, Inc. (NYSE:CAL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.14 and traded as high as $13.75. Caleres shares last traded at $13.59, with a volume of 454,228 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CAL. Zacks Research upgraded shares of Caleres from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 26th. Seaport Research Partners lifted their price target on shares of Caleres from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Caleres in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $14.00.
Read Our Latest Stock Analysis on CAL
Caleres Trading Down 0.9%
The company has a market cap of $458.53 million, a price-to-earnings ratio of -61.77 and a beta of 0.58. The company's 50 day moving average price is $11.55 and its 200 day moving average price is $12.14.
Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, March 19th. The textile maker reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.04. Caleres had a negative net margin of 0.24% and a positive return on equity of 6.49%. The company had revenue of $695.06 million for the quarter, compared to analyst estimates of $688.43 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts predict that Caleres, Inc. will post 1.5 earnings per share for the current year.
Caleres Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, March 26th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, March 26th. Caleres's dividend payout ratio (DPR) is -127.27%.
Hedge Funds Weigh In On Caleres
Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in shares of Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after acquiring an additional 1,879 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Caleres during the 4th quarter worth about $25,000. Quadrant Capital Group LLC lifted its holdings in shares of Caleres by 1,032.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock worth $29,000 after acquiring an additional 2,199 shares during the period. CWM LLC lifted its holdings in shares of Caleres by 624.9% during the 3rd quarter. CWM LLC now owns 3,639 shares of the textile maker's stock worth $47,000 after acquiring an additional 3,137 shares during the period. Finally, State of Wyoming purchased a new position in shares of Caleres during the 3rd quarter worth about $56,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
Caleres Company Profile
(
Get Free Report)
Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company's operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.
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