Price Action To Observe: What’s in Caleres Inc After Today’s Big Increase?

Price Action To Observe: What's in Caleres Inc After Today's Big Increase?

The stock of Caleres Inc (NYSE:CAL) is a huge mover today! About 262,371 shares traded hands or 28.95% up from the average. Caleres Inc (NYSE:CAL) has risen 3.09% since April 8, 2016 and is uptrending. It has underperformed by 2.56% the S&P500.
The move comes after 9 months positive chart setup for the $1.23 billion company. It was reported on Nov, 10 by Barchart.com. We have $39.81 PT which if reached, will make NYSE:CAL worth $565.80M more.

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

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”, Seekingalpha.com published: “Caleres: Cheap Enough?” on September 13, 2016. More interesting news about Caleres Inc (NYSE:CAL) was released by: Moodys.com and their article: “Moody’s upgrades Caleres to Ba3 from B1, concluding review” with publication date: June 22, 2015.

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.

Tags:

Related posts

Leave a Comment