Media coverage about Caleres (NYSE:CAL) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Caleres earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 44.8264326765078 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts recently commented on CAL shares. Zacks Investment Research upgraded Caleres from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, February 2nd. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Susquehanna Bancshares reiterated a “buy” rating and set a $32.00 target price on shares of Caleres in a research report on Wednesday, November 22nd. UBS Group lowered Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $32.00 price objective on shares of Caleres in a research note on Wednesday, November 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Caleres currently has an average rating of “Buy” and a consensus target price of $33.17.
Caleres (CAL) traded down $0.42 during midday trading on Friday, hitting $29.31. The stock had a trading volume of 112,314 shares, compared to its average volume of 283,388. The stock has a market cap of $1,290.00, a PE ratio of 21.39, a PEG ratio of 1.06 and a beta of 1.05. The company has a current ratio of 1.93, a quick ratio of 0.49 and a debt-to-equity ratio of 0.29. Caleres has a fifty-two week low of $22.39 and a fifty-two week high of $34.34.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, November 21st. The textile maker reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $774.66 million for the quarter, compared to analysts’ expectations of $785.75 million. Caleres had a net margin of 2.21% and a return on equity of 13.59%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. analysts expect that Caleres will post 2.12 EPS for the current fiscal year.
In other Caleres news, insider Daniel R. Freidman sold 10,000 shares of Caleres stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.45, for a total transaction of $284,500.00. Following the transaction, the insider now owns 79,435 shares of the company’s stock, valued at $2,259,925.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Diane M. Sullivan sold 26,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $32.57, for a total value of $850,077.00. The disclosure for this sale can be found here. Insiders sold a total of 66,100 shares of company stock valued at $2,144,427 in the last quarter. Company insiders own 6.20% of the company’s stock.
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Caleres, Inc is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Company operates through two segments: Famous Footwear and Brand Portfolio.
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