Stocks of Caleres Inc (NYSE:CAL) traded higher last session on Wall Street, down -0.12% to $33.92.
CAL stock price is now -6.03% away from the 50-day moving average and 4.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.19B.
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On May 25, 2023, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $35 to quote $25, while the Piper Sandler previously rated the stock as ‘Overweight’ on February 21, 2023.
In other news, SULLIVAN DIANE M, Executive Chair sold 19,764 shares of the company’s stock on Jun 17 ’24. The stock was sold for $665,276 at an average price of $33.66. Upon completion of the transaction, the Executive Chair now directly owns 173,816 shares in the company, valued at $5.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, Executive Chair SULLIVAN DIANE M sold 11,994 shares of the business’s stock. A total of $436,993 was realized by selling the stock at an average price of $36.43. This leaves the insider owning 220,903 shares of the company worth $7.49 million. A total of 3.92% of the company’s stock is owned by insiders.
During the past 12 months, Caleres Inc has had a low of $23.08 and a high of $41.94. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 1.05, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $1961651200, which is based on a 7.20 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 1.92. The fifty day moving average price for CAL is $36.035 and a two-hundred day moving average price translates $32.4293 for the stock.
The latest earnings results from Caleres Inc (NYSE: CAL) was released for 2024-05-04. The net profit margin was 5.70% and return on equity was 31.55% for CAL. The company reported revenue of $659.2 million for the quarter, compared to $662.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.53 percent.
