Caleres (CAL) – Investment Analysts’ Recent Ratings Updates

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Several brokerages have updated their recommendations and price targets on shares of Caleres (NYSE: CAL) in the last few weeks:

9/16/2016 – Caleres is now covered by analysts at Susquehanna. They set a “neutral” rating and a $25.00 price target on the stock.
9/14/2016 – Caleres was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
9/8/2016 – Caleres was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
9/7/2016 – Caleres had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $30.00 price target on the stock.
8/26/2016 – Caleres was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “
8/2/2016 – Caleres was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri. “

Caleres Inc. (NYSE:CAL) opened at 25.32 on Friday. The company has a market capitalization of $1.09 billion, a PE ratio of 13.40 and a beta of 0.89. The firm’s 50 day moving average price is $25.13 and its 200-day moving average price is $25.38. Caleres Inc. has a one year low of $21.27 and a one year high of $32.13.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. Caleres had a net margin of 3.26% and a return on equity of 13.87%. The firm earned $622.94 million during the quarter, compared to analyst estimates of $638.71 million. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that Caleres Inc. will post $0.17 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, September 15th. Caleres’s dividend payout ratio is 14.66%.
Caleres, Inc, formerly Brown Shoe Company, Inc, is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.

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