Caleres Inc. (CAL) Sees Unusually-High Trading Volume
Shares of Caleres Inc. (NYSE:CAL) saw strong trading volume on Thursday . 401,219 shares changed hands 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.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Caleres from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. BB&T Corp. raised Caleres from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, May 27th. Susquehanna lowered their price target on Caleres from $36.00 to $33.00 and set a “positive” rating on the stock in a report on Monday, May 16th. Sterne Agee CRT reissued a “buy” rating and set a $30.00 price target on shares of Caleres in a report on Friday, May 27th. Finally, Jefferies Group lowered their price target on Caleres from $30.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $28.80.
The company has a market cap of $1.07 billion and a P/E ratio of 13.60. The company has a 50-day moving average price of $25.68 and a 200 day moving average price of $25.65.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The company had revenue of $622.94 million for the quarter, compared to the consensus estimate of $638.71 million. During the same period last year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Caleres Inc. will post $2.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.13%. 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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