Cadre (NYSE:CDRE) Sets New 52-Week Low - What's Next?

Key Points

• Cadre shares fell to a new 52-week low of $25.64, well below their 50-day and 200-day moving averages of roughly $30.45.
• Despite the stock’s decline, analysts maintain a generally positive outlook: Cadre has a consensus “Moderate Buy” rating and an average price target of $45, compared with the recent price near $25.88.
• Cadre recently exceeded quarterly expectations, reporting $0.26 in EPS versus $0.22 expected and revenue of $207.13 million versus $178.29 million projected. The company also pays a $0.40 annualized dividend, yielding about 1.5%.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s stock price reached a new 52-week low during trading on Monday. The company traded as low as $25.64 and last traded at $25.8750, with a volume of 14649 shares traded. The stock had previously closed at $26.39.

Analysts Set New Price Targets

Several research analysts recently issued reports on CDRE shares. Weiss Ratings reissued a "hold (c)" rating on shares of Cadre in a research report on Monday, August 17th. UBS Group set a $43.00 target price on Cadre in a report on Monday, August 10th. DA Davidson boosted their price target on Cadre from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $43.00 price objective on shares of Cadre in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Cadre presently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

Cadre Stock Performance

The stock has a 50-day moving average of $30.48 and a 200 day moving average of $30.44. The firm has a market capitalization of $1.12 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.33 earnings per share for the current year.

Cadre Announces Dividend

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

Insider Buying and Selling

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $33.36, for a total value 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 approximately $317,488,421.04. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 30.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. KBC Group NV bought a new stake in shares of Cadre during the first quarter worth $41,000. Assetmark Inc. increased its position in Cadre by 34.6% in the first 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 acquired a new stake in Cadre in the second quarter worth about $61,000. PNC Financial Services Group Inc. raised its holdings in Cadre by 23.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company's stock worth $180,000 after purchasing an additional 1,117 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Cadre during the 4th quarter valued at about $212,000. Institutional investors and hedge funds own 43.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.