Crossmark Global Holdings Inc. Invests $382000 in Caleres, Inc. (CAL) Stock

Cornelia Mascio
Novembre 25, 2017

Caleres, Inc. (NYSE:CAL) has seen its stock price gain 2.41, or -7.34%, so far in 2017. They now have a $32.00 price target on the textile maker's stock.

CAL has been the topic of several research analyst reports. Zacks Investment Research raised shares of Caleres from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Wednesday, September 6th. Caleres Inc (CAL) has $1.28 billion valuation. BidaskClub lowered shares of Caleres from a "hold" rating to a "sell" rating in a report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. Susquehanna maintained it with "Positive" rating and $33 target in Monday, May 16 report.

Wedbush upped the price target of Caleres (NYSE:CAL) to $32.00 reporting a potential upside of 0.17%. The current volume for the company's stock is 698,704 and the average volume of trading is 382.05. The P/E ratio is now 21.60 and market cap is 1.30B. The company has a quick ratio of 0.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.31. Caleres had 22 analyst reports since August 25, 2015 according to SRatingsIntel.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, November 21st. The company's quarterly EPS surprised Wall Street by as much as -6% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The business had revenue of $774.66 million during the quarter, compared to analyst estimates of $785.75 million.

While having a peek at profitability ratios Caleres Inc (NYSE:CAL) has trailing twelve month gross margin at 41.5%, its trailing twelve month operating margin stands at 4% whereas its trailing twelve month net profit margin spots at 2.2%. Caleres's revenue was up 5.8% compared to the same quarter a year ago. They expect $0.66 earnings per share, up 40.43% or $0.19 from last year's $0.47 per share. Finally, Wedbush reiterated an outperform rating and issued a $32.00 price objective on shares of Caleres in a research report on Wednesday. If you are accessing this piece of content on another site, it was stolen and republished in violation of U.S. and worldwide trademark & copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/22/caleres-cal-buy-rating-reaffirmed-at-susquehanna-bancshares-inc.html. The shares were sold at an average price of $30.03, for a total transaction of $1,003,002.00. Following the sale, the senior vice president now owns 103,837 shares in the company, valued at $3,118,225.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Short shares grew from 1,679,535 to 2,170,200 over that timeframe.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in Caleres during the 2nd quarter worth approximately $142,000. Chevy Chase Trust Holdings Inc. acquired a new position in Caleres during the 2nd quarter worth approximately $204,000. Fox Run Management L.L.C. bought a new position in Caleres during the 3rd quarter worth approximately $244,000. Company insiders own 3.20% of the company's stock.

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