Caleres (NYSE:CAL) Downgraded by StockNews.com to “Hold”

Caleres (NYSE:CAL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Loop Capital downgraded Caleres from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a report on Tuesday, September 3rd.

Caleres Price Performance

Shares of CAL traded up $0.20 during midday trading on Wednesday, reaching $37.25. The stock had a trading volume of 973,200 shares, compared to its average volume of 486,203. Caleres has a 52 week low of $24.71 and a 52 week high of $44.51. The firm’s 50 day moving average price is $37.44 and its 200-day moving average price is $36.95. The company has a market capitalization of $1.31 billion, a P/E ratio of 7.89 and a beta of 1.93.

Insider Buying and Selling

In other news, insider Diane M. Sullivan sold 19,764 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $33.66, for a total value of $665,256.24. Following the transaction, the insider now owns 173,816 shares of the company’s stock, valued at approximately $5,850,646.56. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $33.66, for a total transaction of $665,256.24. Following the completion of the transaction, the insider now owns 173,816 shares in the company, valued at approximately $5,850,646.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Diane M. Sullivan sold 17,068 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.45, for a total value of $605,060.60. Following the completion of the transaction, the insider now owns 150,449 shares of the company’s stock, valued at approximately $5,333,417.05. The disclosure for this sale can be found here. Insiders have sold a total of 42,181 shares of company stock worth $1,447,208 in the last three months. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Caleres

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its holdings in shares of Caleres by 49.8% during the fourth quarter. Teacher Retirement System of Texas now owns 17,293 shares of the textile maker’s stock valued at $531,000 after purchasing an additional 5,751 shares during the period. BNP Paribas Financial Markets raised its position in Caleres by 70.7% in the 4th quarter. BNP Paribas Financial Markets now owns 56,996 shares of the textile maker’s stock worth $1,751,000 after purchasing an additional 23,606 shares during the period. Jump Financial LLC raised its position in Caleres by 292.2% in the 4th quarter. Jump Financial LLC now owns 52,946 shares of the textile maker’s stock worth $1,627,000 after purchasing an additional 39,446 shares during the period. Assetmark Inc. increased its position in shares of Caleres by 7.9% in the fourth quarter. Assetmark Inc. now owns 6,000 shares of the textile maker’s stock valued at $184,000 after acquiring an additional 440 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Caleres in the fourth quarter valued at about $248,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

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.