Caleres (NYSE:CAL) Rating Lowered to Hold at Loop Capital

Caleres (NYSE:CAL) was downgraded by equities researchers at Loop Capital from a “buy” rating to a “hold” rating in a report issued on Tuesday, Marketbeat reports. They presently have a $45.00 price target on the textile maker’s stock. Loop Capital’s target price would indicate a potential upside of 13.15% from the company’s previous close.

Separately, StockNews.com downgraded shares of Caleres from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st.

Caleres Stock Down 0.4 %

NYSE:CAL opened at $39.77 on Tuesday. Caleres has a twelve month low of $24.71 and a twelve month high of $44.51. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.43 and a beta of 1.91. The stock’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $36.89.

Insider Transactions at Caleres

In related news, Director Carla C. Hendra sold 5,349 shares of the stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. In other Caleres news, insider Diane M. Sullivan sold 19,764 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $33.66, for a total value of $665,256.24. Following the transaction, the insider now directly owns 173,816 shares of the company’s stock, valued at approximately $5,850,646.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carla C. Hendra sold 5,349 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $33.07, for a total value of $176,891.43. The disclosure for this sale can be found here. In the last three months, insiders sold 42,181 shares of company stock worth $1,447,208. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Caleres

A number of large investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Caleres in the 2nd quarter valued at $40,000. SG Americas Securities LLC acquired a new position in shares of Caleres in the first quarter valued at about $117,000. Shell Asset Management Co. bought a new position in Caleres during the first quarter worth about $156,000. Mutual of America Capital Management LLC acquired a new stake in Caleres in the 1st quarter worth about $236,000. Finally, Assetmark Inc. boosted its holdings in Caleres by 7.9% in the 4th quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after purchasing an additional 440 shares during the period. 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.