Caleres Inc. (CAL) Sees Strong Trading Volume
Caleres Inc. (NYSE:CAL) saw unusually-strong trading volume on Thursday . Approximately 401,219 shares were traded during trading, a decline of 1% from the previous session’s volume of 405,394 shares.The stock last traded at $25.38 and had previously closed at $25.94.
A number of equities analysts have issued reports on CAL shares. Zacks Investment Research upgraded Caleres from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Jefferies Group lowered their price target on Caleres from $30.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, May 27th. BB&T Corp. raised Caleres from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, May 27th. Susquehanna reduced their target price on Caleres from $36.00 to $33.00 and set a “positive” rating for the company in a report on Monday, May 16th. Finally, Sterne Agee CRT reissued a “buy” rating and set a $30.00 target price on shares of Caleres in a report on Friday, May 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Caleres currently has a consensus rating of “Buy” and an average target price of $28.80.
The company has a market capitalization of $1.07 billion and a PE ratio of 13.54. The company’s 50 day moving average is $25.70 and its 200-day moving average is $25.65.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by $0.04. The firm had revenue of $622.94 million for the quarter, compared to analyst estimates of $638.71 million. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Equities analysts forecast that Caleres Inc. will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.14%.
Caleres, Inc, formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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