Caleres (CAL) Earning Somewhat Positive News Coverage, Analysis Shows
Media headlines about Caleres (NYSE:CAL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caleres earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 44.8480682432977 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of equities research analysts recently weighed in on CAL shares. Zacks Investment Research lowered Caleres from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Wedbush restated an “outperform” rating and set a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. Susquehanna Bancshares restated a “buy” rating and set a $32.00 price objective on shares of Caleres in a research report on Wednesday, November 22nd. ValuEngine upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group lowered Caleres from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.17.
Shares of Caleres (NYSE:CAL) opened at $29.24 on Wednesday. Caleres has a 52-week low of $22.39 and a 52-week high of $34.34. The company has a market capitalization of $1,244.68, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49.
In other Caleres news, insider Richard M. Ausick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $33.45, for a total value of $334,500.00. Following the sale, the insider now owns 90,834 shares in the company, valued at approximately $3,038,397.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard M. Ausick sold 5,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $33.07, for a total value of $165,350.00. Following the completion of the sale, the insider now owns 90,834 shares in the company, valued at approximately $3,003,880.38. The disclosure for this sale can be found here. Insiders sold a total of 66,100 shares of company stock worth $2,144,427 in the last quarter. Corporate insiders own 6.20% of the company’s stock.
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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