Caleres (NYSE:CAL) PT Lowered to $30.00 at Loop Capital

Caleres (NYSE:CAL) had its target price trimmed by Loop Capital from $45.00 to $30.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the textile maker’s stock.

Separately, StockNews.com cut shares of Caleres from a buy rating to a hold rating in a research report on Wednesday, September 11th.

Caleres Stock Up 1.5 %

Caleres stock opened at $32.27 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 6.84 and a beta of 1.93. The business has a 50-day simple moving average of $37.47 and a 200 day simple moving average of $36.81. Caleres has a 52 week low of $24.71 and a 52 week high of $44.51.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, September 12th. The textile maker reported $0.85 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.37). The business had revenue of $683.30 million for the quarter, compared to analysts’ expectations of $723.80 million. Caleres had a return on equity of 27.32% and a net margin of 5.97%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, research analysts anticipate that Caleres will post 4.4 earnings per share for the current year.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.87%. Caleres’s dividend payout ratio is 5.93%.

Insider Buying and Selling

In other Caleres news, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.45, for a total transaction of $605,060.60. Following the transaction, the insider now directly owns 150,449 shares in the company, valued at $5,333,417.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Carla C. Hendra sold 5,349 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $33.07, for a total value of $176,891.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Diane M. Sullivan sold 17,068 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the sale, the insider now owns 150,449 shares of the company’s stock, valued at $5,333,417.05. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Caleres

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its holdings in Caleres by 49.8% during the 4th quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock valued at $531,000 after buying an additional 5,751 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Caleres by 70.7% during the fourth quarter. BNP Paribas Financial Markets now owns 56,996 shares of the textile maker’s stock worth $1,751,000 after purchasing an additional 23,606 shares during the period. Assetmark Inc. grew its stake in shares of Caleres by 7.9% in the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock worth $184,000 after purchasing an additional 440 shares during the last quarter. Aigen Investment Management LP purchased a new position in Caleres during the 4th quarter valued at about $248,000. Finally, BlackDiamond Wealth Management LLC bought a new position in Caleres during the 4th quarter valued at approximately $218,000. Institutional investors own 98.44% of the company’s stock.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East 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 provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.