Is Buying Caleres, Inc. (CAL) Here a Winning Strategy?

March 14, 2018 - By Maria Brooks

The stock of Caleres, Inc. (NYSE:CAL) is a huge mover today! The stock increased 12.00% or $3.49 during the last trading session, reaching $32.58. About 1.34 million shares traded or 391.71% up from the average. Caleres, Inc. (NYSE:CAL) has risen 11.45% since March 14, 2017 and is uptrending. It has underperformed by 5.25% the S&P500.
The move comes after 7 months positive chart setup for the $1.40B company. It was reported on Mar, 14 by We have $34.86 PT which if reached, will make NYSE:CAL worth $98.00M more.

Caleres, Inc. (NYSE:CAL) Ratings Coverage

Among 11 analysts covering Caleres (NYSE:CAL), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Caleres had 23 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was initiated by BB&T Capital on Wednesday, January 27 with “Hold”. The firm earned “Neutral” rating on Tuesday, January 23 by Susquehanna. Susquehanna upgraded the stock to “Positive” rating in Wednesday, December 7 report. The rating was upgraded by Beaufort Securities to “Speculative Buy” on Friday, December 4. Buckingham Research maintained the stock with “Neutral” rating in Friday, August 28 report. The firm earned “Speculative Buy” rating on Wednesday, January 6 by Beaufort Securities. Morgan Stanley upgraded Caleres, Inc. (NYSE:CAL) on Friday, March 3 to “Overweight” rating. Peel Hunt downgraded the stock to “Neutral” rating in Friday, January 27 report. CL King downgraded Caleres, Inc. (NYSE:CAL) on Tuesday, December 13 to “Neutral” rating. The company was maintained on Friday, May 27 by Jefferies.

More important recent Caleres, Inc. (NYSE:CAL) news were published by: which released: “Why Earnings Season Could Be Great for Caleres (CAL) March 09, 2018” on March 09, 2018, also published article titled: “3 Stocks to Watch on Wednesday: Caleres Inc (CAL), Everi Holdings Inc (EVRI …”, published: “Ex-Dividend Reminder: Caleres, Chico’s FAS and South Jersey Industries” on March 14, 2018. More interesting news about Caleres, Inc. (NYSE:CAL) was released by: and their article: “Caleres Inc. Earnings Advance In Q4” with publication date: March 13, 2018.

Caleres, Inc., a footwear company, retails and wholesales footwear. The company has market cap of $1.40 billion. The firm operates through Famous Footwear and Brand Portfolio divisions. It has a 23.32 P/E ratio. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

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