Caleres Inc. (CAL) Stock Price Up 6%
Caleres Inc. (NYSE:CAL) shares rose 6% during mid-day trading on Wednesday . The stock traded as high as $26.64 and last traded at $25.72, with a volume of 1,226,622 shares. The stock had previously closed at $24.26.
CAL has been the topic of several research analyst reports. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Jefferies Group cut their target price on shares of Caleres from $30.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, May 27th. BB&T Corp. raised shares of Caleres from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, May 27th. Susquehanna cut their target price on shares of Caleres from $36.00 to $33.00 and set a “positive” rating on the stock in a research note 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 research note on Friday, May 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $28.80.
The firm has a 50-day moving average of $25.70 and a 200-day moving average of $25.65. The firm has a market cap of $1.07 billion and a PE ratio of 13.54.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 30th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. The firm had revenue of $622.94 million for the quarter, compared to analysts’ expectations of $638.71 million. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. Analysts forecast that Caleres Inc. will post $2.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, September 15th.
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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