Notable Reporting: What’s in Caleres Inc After Today’s Big Decline?

Notable Reporting: What's in Caleres Inc After Today's Big Decline?

The stock of Caleres Inc (NYSE:CAL) is a huge mover today! About 310,279 shares traded hands or 37.32% up from the average. Caleres Inc (NYSE:CAL) has risen 10.57% since April 13, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.
The move comes after 6 months negative chart setup for the $1.18B company. It was reported on Nov, 15 by Barchart.com. We have $25.29 PT which if reached, will make NYSE:CAL worth $82.60 million less.

Caleres Inc (NYSE:CAL) Ratings Coverage

Out of 6 analysts covering Caleres (NYSE:CAL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Caleres has been the topic of 12 analyst reports since August 25, 2015 according to StockzIntelligence Inc. BB&T Capital initiated Caleres Inc (NYSE:CAL) on Wednesday, January 27 with “Hold” rating. The stock of Caleres Inc (NYSE:CAL) has “Speculative Buy” rating given on Friday, December 4 by Beaufort Securities. The stock of Caleres Inc (NYSE:CAL) has “Buy” rating given on Monday, September 21 by Panmure Gordon. As per Friday, May 27, the company rating was downgraded by BB&T Capital. The rating was maintained by Beaufort Securities on Wednesday, January 6 with “Speculative Buy”. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. Susquehanna initiated the shares of CAL in a report on Friday, September 16 with “Neutral” rating. On Friday, May 27 the stock rating was maintained by Jefferies with “Hold”. Susquehanna maintained Caleres Inc (NYSE:CAL) rating on Monday, May 16. Susquehanna has “Positive” rating and $33 price target. As per Friday, August 28, the company rating was maintained by Buckingham Research.

According to Zacks Investment Research, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved 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. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri.”

More important recent Caleres Inc (NYSE:CAL) news were published by: Seekingalpha.com which released: “Caleres: This Stock Is Not Undervalued” on September 01, 2016, also Stltoday.com published article titled: “Brown Shoe to rebrand itself as Caleres”, Moodys.com published: “Moody’s upgrades Caleres to Ba3 from B1, concluding review” on June 22, 2015. More interesting news about Caleres Inc (NYSE:CAL) was released by: Seekingalpha.com and their article: “Caleres: Cheap Enough?” with publication date: September 13, 2016.

CAL Company Profile

Caleres, Inc., formerly Brown Shoe Company, Inc., incorporated on January 2, 1913, is a global footwear retailer and wholesaler. The Firm 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 Firm operates through two divisions: Famous Footwear and Brand Portfolio. The Firm operates approximately 1,210 retail shoe stores in the United States, Canada and Guam primarily under the Famous Footwear and Naturalizer names. In addition, through its Brand Portfolio segment, the Company designs, sources and markets footwear to retail stores domestically and internationally, including national chains, department stores, online retailers, mass merchandisers, independent retailers and catalogs.

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