Caleres (NYSE:CAL) Receives Media Sentiment Rating of 0.16
News stories about Caleres (NYSE:CAL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caleres earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Moody’s Liquidity-Stress Index down again in July, closing in on record low (finance.yahoo.com)
- Caleres, Inc. (NYSE:CAL) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
- Caleres, Inc. (NYSE:CAL) Lifted to “B-” at TheStreet (americanbankingnews.com)
- CEO of Allen Edmonds to retire (ozaukeepress.com)
- $663.80 Million in Sales Expected for Caleres, Inc. (CAL) This Quarter (americanbankingnews.com)
CAL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, July 12th. TheStreet downgraded Caleres from a “b” rating to a “c+” rating in a report on Friday, April 7th. BidaskClub upgraded Caleres from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Wedbush initiated coverage on Caleres in a research note on Tuesday, April 11th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, Susquehanna Bancshares Inc upgraded Caleres from a “neutral” rating to a “positive” rating and set a $31.00 target price on the stock in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.40.
Caleres (NYSE CAL) traded down 0.68% during midday trading on Thursday, hitting $26.18. The stock had a trading volume of 153,758 shares. The company’s 50 day moving average is $27.02 and its 200 day moving average is $28.03. Caleres has a 1-year low of $23.12 and a 1-year high of $36.61. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 17.93 and a beta of 1.07.
Caleres (NYSE:CAL) last posted its earnings results on Thursday, May 25th. The textile maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $631.50 million for the quarter, compared to analyst estimates of $621.31 million. Caleres had a return on equity of 13.80% and a net margin of 2.39%. Caleres’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities analysts anticipate that Caleres will post $2.18 earnings per share for the current fiscal year.
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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.
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