Notable Reporting: Caleres Inc’s Trend Up, Especially After Today’s 52-Week High Milestone

Notable Reporting: Caleres Inc's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Caleres Inc (NYSE:CAL) hit a new 52-week high and has $35.50 target or 9.00% above today’s $32.57 share price. The 8 months bullish chart indicates low risk for the $1.46B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $35.50 price target is reached, the company will be worth $131.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.04M shares traded hands or 287.06% up from the average. Caleres Inc (NYSE:CAL) has risen 10.27% since April 21, 2016 and is uptrending. It has outperformed by 4.94% the S&P500.

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. The firm has “Hold” rating by BB&T Capital given on Wednesday, January 27. On Monday, September 21 the stock rating was maintained by Panmure Gordon with “Buy”. Beaufort Securities maintained Caleres Inc (NYSE:CAL) on Wednesday, January 6 with “Speculative Buy” rating. Susquehanna initiated Caleres Inc (NYSE:CAL) on Friday, September 16 with “Neutral” rating. The rating was downgraded by BB&T Capital to “Hold” on Friday, May 27. The stock of Caleres Inc (NYSE:CAL) earned “Positive” rating by Susquehanna on Monday, May 16. On Friday, May 27 the stock rating was maintained by Jefferies with “Hold”. Beaufort Securities upgraded Caleres Inc (NYSE:CAL) on Friday, December 4 to “Speculative Buy” rating. The firm has “Buy” rating by Buckingham Research given on Thursday, February 25. The firm has “Neutral” rating by Buckingham Research given on Friday, August 28.

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 recent Caleres Inc (NYSE:CAL) news were published by: Seekingalpha.com which released: “Caleres: This Stock Is Not Undervalued” on September 01, 2016. Also Moodys.com published the news titled: “Moody’s upgrades Caleres to Ba3 from B1, concluding review” on June 22, 2015. Stltoday.com‘s news article titled: “Brown Shoe to rebrand itself as Caleres” with publication date: April 16, 2015 was also an interesting one.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment