Does Caleres Inc. (NYSE:CAL) warrant a purchase right now? What to Consider Before Making a Decision

Caleres Inc. (NYSE:CAL) shares traded -1.17% lower at $25.32 on Wall Street last session.

In accordance with the data, 3 analysts cover Caleres Inc. (NYSE:CAL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $32.00, we find $35.00. Given the previous closing price of $25.62, this indicates a potential upside of 36.61 percent. CAL stock price is now 3.91% away from the 50-day moving average and -0.94% away from the 200-day moving average. The market capitalization of the company currently stands at $898.35M.

It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $34.75 as their price target over the next twelve months.

With the price target enhanced from $26 to $35, Piper Sandler Upgraded its rating from Neutral to Overweight for Caleres Inc. (NYSE: CAL). On October 25, 2022, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $28, while ‘Seaport Research Partners’ rates the stock as ‘Buy’.

In other news, Freidman Daniel R, Chief Sourcing Officer sold 5,000 shares of the company’s stock on Feb 15. The stock was sold for $130,000 at an average price of $26.00. Upon completion of the transaction, the Chief Sourcing Officer now directly owns 53,498 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Executive Chair SULLIVAN DIANE M sold 1,280 shares of the business’s stock. A total of $33,519 was realized by selling the stock at an average price of $26.19. This leaves the insider owning 110,236 shares of the company worth $2.79 million. Insiders disposed of 431,192 shares of company stock worth roughly $10.92 million over the past 1 year. A total of 2.70% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in CAL stock. A new stake in Caleres Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $21,430,000. WEXFORD CAPITAL LP invested $4,651,000 in shares of CAL during the first quarter. In the first quarter, WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in Caleres Inc. valued at approximately $3,484,000. FRIESS ASSOCIATES LLC acquired a new stake in CAL for approximately $2,200,000. VENTURE VISIONARY PARTNERS LLC purchased a new stake in CAL valued at around $1,353,000 in the second quarter. In total, there are 290 active investors with 93.10% ownership of the company’s stock.

Caleres Inc. (NYSE: CAL) opened at $25.30 on Thursday. During the past 12 months, Caleres Inc. has had a low of $18.98 and a high of $31.13. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 0.90, and a quick ratio of 0.30. The fifty day moving average price for CAL is $24.37 and a two-hundred day moving average price translates $25.56 for the stock.

The latest earnings results from Caleres Inc. (NYSE: CAL) was released for Oct, 2022. According to the Footwear & Accessories Company, earnings per share came in at $1.15, beating analysts’ expectations of $1.12 by 0.03. This compares to $1.60 EPS in the same period last year. The net profit margin was 6.20% and return on equity was 50.70% for CAL. The company reported revenue of $798.26 million for the quarter, compared to $784.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.8 percent. For the current quarter, analysts expect CAL to generate $670.72M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 01/06/2023. Investors who held shares on 12/22/2022 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 1.11% percent yield. There was an ex-dividend date of 12/21/2022 for this dividend. In terms of dividend payout ratio, CAL is presently at 5.30%.

Caleres Inc.(CAL) Company Profile

Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Crocs, Puma, Birkenstock, New Balance, Asics, New Balance, Under Armour, Bearpaw, Timberland, Sperry, and Dr. Martens, as well as company-owned and licensed brands, such as Dr. Scholl’s Shoes, Blowfish Malibu, LifeStride, Naturalizer, Zodiac, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, manufactures, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men’s apparel, leather goods, and accessories under the Allen Edmonds brand; footwear for women under LifeStride brand; Italian footwear Franco Sarto brand; athletic footwear for women under the Rykä brand; women’s shoe collection under the Vince brand; and women’s footwear under the Bzees brand; other footwear under Zodiac brand; and women’s footwear collection under Veronica Beard brand, as well as Via Spiga brand. It operates approximately 980 retail stores. The company was formerly known as Brown Shoe Company, Inc. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.