Stocks of Caleres Inc. (NYSE:CAL) traded higher last session on Wall Street, up 2.80% to $24.60.
According to the data, Caleres Inc. (NYSE:CAL) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $25.00, we find $32.50. Given the previous closing price of $23.93, this indicates a potential upside of 35.81 percent. CAL stock price is now 9.42% away from the 50-day moving average and 3.67% away from the 200-day moving average. The market capitalization of the company currently stands at $862.97M.
A total of 1 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $31.75 as their price target over the next twelve months.
With the price target reduced from $35 to $25, Piper Sandler Downgraded its rating from Overweight to Neutral for Caleres Inc. (NYSE: CAL).
In other news, Hill Willis, Chief Information Officer sold 8,000 shares of the company’s stock on Jun 23. The stock was sold for $198,432 at an average price of $24.80. Upon completion of the transaction, the Chief Information Officer now directly owns 60,792 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, Director Hendra Carla C sold 2,493 shares of the business’s stock. A total of $50,746 was realized by selling the stock at an average price of $20.36. Insiders disposed of 561,157 shares of company stock worth roughly $13.8 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 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $60,799,000. MILLENNIUM MANAGEMENT LLC invested $4,086,000 in shares of CAL during the first quarter. In the first quarter, ALLIANZ ASSET MANAGEMENT GMBH acquired a new stake in Caleres Inc. valued at approximately $1,247,000. JANE STREET GROUP, LLC acquired a new stake in CAL for approximately $1,007,000. TEZA CAPITAL MANAGEMENT LLC purchased a new stake in CAL valued at around $681,000 in the second quarter. In total, there are 284 active investors with 93.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $23.90 for Caleres Inc. (NYSE: CAL). During the past 12 months, Caleres Inc. has had a low of $16.85 and a high of $31.13. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.90, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $1.71B, which is based on a 5.38 price-to-earnings ratio, a 0.36 price-to-earnings-growth ratio, and a beta of 1.87. The fifty day moving average price for CAL is $22.48 and a two-hundred day moving average price translates $23.73 for the stock.
The latest earnings results from Caleres Inc. (NYSE: CAL) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.97, beating analysts’ expectations of $0.93 by 0.04. This compares to $1.36 EPS in the same period last year. The company reported revenue of $662.73 million for the quarter, compared to $735.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.85 percent. For the current quarter, analysts expect CAL to generate $704.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/28/2023. Investors who held shares on 06/09/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 1.14% percent yield. There was an ex-dividend date of 06/08/2023 for this dividend. In terms of dividend payout ratio, CAL is presently at 5.85%.
Caleres Inc.(CAL) Company Profile
Caleres, Inc. engages in the retail and wholesale of footwear business in the United States, Canada, Eastern Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr. Martens, Asics, Timberland, Bearpaw, Skechers, HeyDude, Franco Sarto, Rykä, Vince, Bzees, Veronica Beard, and Zodiac brands, as well as company-owned and licensed brands, such as LifeStride, Dr. Scholl’s Shoes, Blowfish Malibu, and Naturalizer. 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 online retailers, national chains, department stores, mass merchandisers, and independent retailers. 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. The company was formerly known as Brown Shoe Company, Inc. and changed its name to Caleres, Inc. in May 2015. The company was founded in 1878 and is headquartered in St. Louis, Missouri.
