Cadre Holdings, Inc. (NYSE:CDRE) Stock Has Average Price Target of $45.00

Key Points

• Analysts remain bullish: Cadre Holdings has a consensus “Moderate Buy” rating, with six buys, one strong buy and two holds. The average 12-month price target is $45.00, well above the stock’s recent $26.28 price.
• Quarterly results exceeded expectations: Cadre reported earnings of $0.26 per share versus the $0.22 consensus and revenue of $207.13 million versus estimates of $178.29 million. The company also paid a quarterly dividend of $0.10 per share.
• Insider activity was mixed: CEO Warren Kanders sold 100,000 shares for approximately $3.34 million, while insiders still own 30.10% of the company and institutional investors own 43.95%.

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.00.

Several research analysts have recently weighed in on CDRE shares. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Cadre from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. DA Davidson raised their price target on Cadre from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. UBS Group set a $43.00 price objective on Cadre in a research report on Monday, August 10th. Finally, Roth Capital reissued a "buy" rating and issued a $43.00 target price (up from $40.00) on shares of Cadre in a research report on Monday, August 10th.

Insider Activity

In related news, CEO Warren Kanders sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 30.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDRE. KBC Group NV bought a new stake in shares of Cadre during the 1st quarter valued at $41,000. Assetmark Inc. raised its holdings in Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company's stock worth $58,000 after purchasing an additional 483 shares during the period. State of Wyoming purchased a new position in Cadre during the second quarter valued at $61,000. ProShare Advisors LLC bought a new stake in Cadre during the fourth quarter valued at about $212,000. Finally, PNC Financial Services Group Inc. grew its holdings in Cadre by 23.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company's stock valued at $180,000 after purchasing an additional 1,117 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Cadre Trading Down 1.6%

Cadre stock opened at $26.28 on Friday. Cadre has a 12 month low of $25.73 and a 12 month high of $48.76. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31. The business's fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $30.57. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to analyst estimates of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. As a group, equities analysts predict that Cadre will post 1.33 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, July 31st. Cadre's dividend payout ratio is 47.06%.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer of equipment designed to protect and support military personnel, law enforcement officers, first responders and other public-safety professionals. The company operates through a portfolio of specialized brands, including Safariland, and focuses on products used in high-risk and mission-critical environments.

Its products include body armor, tactical and duty equipment, holsters, protective apparel, forensic equipment, explosive ordnance disposal suits and related public-safety gear.

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