Caleres (CAL) Earns Media Impact Score of 0.11
News coverage about Caleres (NYSE:CAL) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caleres earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 47.2013935728655 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Caleres’ executive compensation, stock ownership and more (bizjournals.com)
- Caleres to Present at CL King’s 15th Annual Best Ideas Conference (finance.yahoo.com)
- Caleres, Inc. (CAL) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Earnings Review and Free Research Report: Coach Adjusted Diluted EPS Increased 11.1% (finance.yahoo.com)
- Caleres, Inc. (CAL) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
Caleres (CAL) traded up 1.67% during mid-day trading on Monday, hitting $27.95. 208,188 shares of the stock were exchanged. The stock’s 50-day moving average is $26.06 and its 200 day moving average is $27.09. Caleres has a 52 week low of $22.39 and a 52 week high of $36.61. The company has a market capitalization of $1.20 billion, a PE ratio of 19.88 and a beta of 1.06.
Caleres (NYSE:CAL) last issued its quarterly earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $677 million for the quarter, compared to the consensus estimate of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts anticipate that Caleres will post $2.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, September 15th. Caleres’s dividend payout ratio (DPR) is currently 19.86%.
A number of research firms have recently issued reports on CAL. Zacks Investment Research upgraded shares of Caleres from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Caleres from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Susquehanna Bancshares Inc restated a “buy” rating and set a $31.00 target price on shares of Caleres in a research note on Tuesday, August 29th. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Caleres currently has an average rating of “Buy” and a consensus target price of $31.40.
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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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