Cadre Holdings, Inc. (NYSE:CDRE) Stock Has Consensus Target Price of $44.17 According to Analysts

Key Points

• Analysts give Cadre a “Moderate Buy” consensus, with six of eight covering analysts rating it Buy or Strong Buy and an average 12-month price target of $44.17.
• Cadre reported quarterly earnings of $0.37 per share, beating the $0.28 estimate, and revenue of $202.88 million versus the $190.67 million consensus.
• CEO Warren Kanders sold 100,000 shares for about $3.34 million, reducing his stake by 1.04%; Cadre also pays a $0.10 quarterly dividend.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.17.

Several brokerages have recently issued reports on CDRE. Wall Street Zen raised Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. DA Davidson increased their price objective on Cadre from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Roth Capital restated a "buy" rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. Jefferies Financial Group restated a "buy" rating and set a $43.00 price target on shares of Cadre in a research note on Sunday, August 9th. Finally, UBS Group set a $43.00 price objective on Cadre in a report on Monday, August 10th.

Insider Activity

In other news, CEO Warren Kanders sold 100,000 shares of Cadre 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 owned 9,517,039 shares in the company, valued at $317,488,421.04. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 30.10% of the company's stock.

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Cadre by 839.6% in the third quarter. Sterling Capital Management LLC now owns 1,043 shares of the company's stock valued at $26,000 after purchasing an additional 932 shares during the last quarter. KBC Group NV acquired a new position in Cadre during the first quarter valued at approximately $41,000. Allworth Financial LP grew its stake in Cadre by 146.9% in the third quarter. Allworth Financial LP now owns 1,410 shares of the company's stock valued at $35,000 after purchasing an additional 839 shares in the last quarter. Assetmark Inc. increased its position in shares of Cadre by 34.6% during 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 last quarter. Finally, State of Wyoming bought a new stake in shares of Cadre during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Price Performance

Shares of CDRE stock traded up $0.30 during midday trading on Friday, reaching $33.38. 335,906 shares of the company were exchanged, compared to its average volume of 437,800. Cadre has a 12 month low of $24.07 and a 12 month high of $48.76. The company has a market cap of $1.43 billion, a P/E ratio of 35.13, a PEG ratio of 1.22 and a beta of 1.29. The company's 50 day moving average price is $28.33 and its two-hundred day moving average price is $31.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.51 and a current ratio of 2.35.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. Cadre had a net margin of 5.61% and a return on equity of 13.26%. The business had revenue of $202.88 million during the quarter, compared to analyst estimates of $190.67 million. On average, sell-side analysts expect that Cadre will post 1.21 earnings per share for the current year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 30th. Cadre's dividend payout ratio (DPR) is 42.11%.

About Cadre

Cadre Holdings, Inc. designs, manufactures and distributes safety and survivability equipment for law enforcement, military personnel, first responders and other public-safety professionals. Its products include body armor, bomb suits and explosive-ordnance-disposal equipment, tactical gear, duty holsters, restraints, shields and protective clothing. The company sells products under brands including Safariland, Med-Eng, Armor Express and Mustang Survival. Its offerings serve customers in the United States and international markets.

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