Notable Price Action: Does Caleres Inc Have Any Gas After Today’s Huge Increase?

Notable Price Action: Does Caleres Inc Have Any Gas After Today's Huge Increase?

The stock of Caleres Inc (NYSE:CAL) is a huge mover today! About 369,719 shares traded hands or 43.14% up from the average. Caleres Inc (NYSE:CAL) has risen 3.88% since April 20, 2016 and is uptrending. It has underperformed by 0.68% the S&P500.
The move comes after 6 months positive chart setup for the $1.20B company. It was reported on Nov, 22 by Barchart.com. We have $29.63 PT which if reached, will make NYSE:CAL worth $48.00M 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. Jefferies maintained the shares of CAL in a report on Friday, May 27 with “Hold” rating. The stock has “Positive” rating given by Susquehanna on Monday, May 16. Zacks downgraded Caleres Inc (NYSE:CAL) on Tuesday, August 25 to “Buy” rating. Panmure Gordon maintained the stock with “Buy” rating in Monday, September 21 report. The firm earned “Hold” rating on Friday, May 27 by BB&T Capital. The stock of Caleres Inc (NYSE:CAL) earned “Neutral” rating by Susquehanna on Friday, September 16. On Wednesday, January 6 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The stock has “Buy” rating given by Buckingham Research on Thursday, February 25. The stock of Caleres Inc (NYSE:CAL) has “Neutral” rating given on Friday, August 28 by Buckingham Research. The company was upgraded on Friday, December 4 by Beaufort Securities.

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.

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