Caleres (NYSE:CAL – Get Rating) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports. They currently have a $25.00 price objective on the textile maker’s stock, down from their previous price objective of $35.00. Piper Sandler’s price target points to a potential upside of 36.61% from the stock’s current price.
Separately, StockNews.com initiated coverage on shares of Caleres in a research note on Thursday, May 18th. They issued a “buy” rating on the stock.
Caleres Stock Down 1.1 %
CAL stock opened at $18.30 on Thursday. The firm has a market cap of $664.29 million, a P/E ratio of 3.73 and a beta of 1.76. Caleres has a 52-week low of $18.10 and a 52-week high of $31.13. The company’s 50-day simple moving average is $21.99 and its 200-day simple moving average is $23.35.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Caleres by 2.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 19,026 shares of the textile maker’s stock worth $464,000 after acquiring an additional 376 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Caleres by 65.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,246 shares of the textile maker’s stock worth $27,000 after acquiring an additional 495 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Caleres by 2.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,535 shares of the textile maker’s stock worth $510,000 after acquiring an additional 538 shares in the last quarter. Assetmark Inc. lifted its stake in Caleres by 25.8% during the 4th quarter. Assetmark Inc. now owns 2,747 shares of the textile maker’s stock worth $61,000 after acquiring an additional 564 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Caleres by 0.3% during the 4th quarter. Panagora Asset Management Inc. now owns 199,372 shares of the textile maker’s stock worth $4,442,000 after acquiring an additional 651 shares in the last quarter. 87.46% of the stock is owned by hedge funds and other institutional investors.
Caleres, Inc engages in the provision of athletic, casual, and dress footwear products. It operates through the Famous Footwear and Brand Portfolio segments. The Famous Footwear segment provides branded footwear for the entire family. The Brand Portfolio segment sources, manufactures, and markets branded, licensed, and private-labeled footwear primarily to online retailers, national chains, department stores, mass merchandisers, and independent retailers.
- Get a free copy of the StockNews.com research report on Caleres (CAL)
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