Somewhat Favorable News Coverage Somewhat Unlikely to Affect Caleres (CAL) Share Price

Media stories about Caleres (NYSE:CAL) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. 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 stories about the textile maker an impact score of 44.9004001399715 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of equities research analysts have issued reports on CAL shares. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Wedbush restated an “outperform” rating and set a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. Susquehanna Bancshares restated a “buy” rating and set a $32.00 price target on shares of Caleres in a report on Wednesday, November 22nd. ValuEngine upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, UBS Group cut shares of Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Caleres presently has an average rating of “Buy” and an average price target of $33.17.

Shares of Caleres (CAL) opened at $29.23 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 0.49. Caleres has a one year low of $22.39 and a one year high of $34.34. The firm has a market cap of $1,256.28, a PE ratio of 20.88, a P/E/G ratio of 1.05 and a beta of 1.05.

Caleres (NYSE:CAL) last released its earnings results on Tuesday, November 21st. The textile maker reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). Caleres had a net margin of 2.21% and a return on equity of 13.59%. The company had revenue of $774.66 million during the quarter, compared to the consensus estimate of $785.75 million. During the same quarter in the previous year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. research analysts forecast that Caleres will post 2.12 EPS for the current year.

In related news, insider Richard M. Ausick sold 5,000 shares of the 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 $3,003,880.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel R. Freidman sold 10,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.45, for a total transaction of $284,500.00. Following the completion of the sale, the insider now owns 79,435 shares of the company’s stock, valued at approximately $2,259,925.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,100 shares of company stock valued at $2,144,427. 6.20% of the stock is owned by corporate insiders.

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Caleres Company Profile

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.

Insider Buying and Selling by Quarter for Caleres (NYSE:CAL)

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