Caleres (CAL) Earning Somewhat Favorable Press Coverage, Analysis Shows
News stories about Caleres (NYSE:CAL) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news 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 daily sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 49.0621089221232 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Caleres Sees Unusually Large Options Volume (CAL) (americanbankingnews.com)
- Adobe and Twitter fall while Vera Bradley jumps (marketbeat.com)
- Caleres, Inc down 7.6% post Q2 results (seekingalpha.com)
- Caleres to relaunch Allen Edmonds brand, including Baker Mayfield in TV ad (biztimes.com)
- Caleres (CAL) Given New $42.00 Price Target at Macquarie (americanbankingnews.com)
Shares of NYSE CAL traded down $0.75 during trading on Friday, hitting $35.66. The company had a trading volume of 9,150 shares, compared to its average volume of 351,252. Caleres has a fifty-two week low of $26.54 and a fifty-two week high of $41.09. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 16.69 and a beta of 0.89. The company has a quick ratio of 0.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.27.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. Caleres’s payout ratio is presently 12.96%.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, August 31st. Macquarie lifted their target price on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital set a $37.00 target price on shares of Caleres and gave the company a “hold” rating in a research report on Tuesday. Wedbush lifted their target price on shares of Caleres from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Finally, Needham & Company LLC assumed coverage on shares of Caleres in a research report on Friday, June 22nd. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $39.50.
In related news, insider Douglas Koch sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. Following the transaction, the insider now directly owns 97,501 shares in the company, valued at $3,705,038. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Diane M. Sullivan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $38.28, for a total transaction of $765,600.00. Following the transaction, the chief executive officer now owns 473,534 shares in the company, valued at $18,126,881.52. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
Caleres Company Profile
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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