Somewhat Positive Press Coverage Somewhat Unlikely to Impact Caleres (CAL) Share Price
News stories about Caleres (NYSE:CAL) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Caleres earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 47.3915340855247 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Explore The U.S. bovine leather goods market expected to reach $14,480 million by 2023 (whatech.com)
- ETFs with exposure to Caleres, Inc. : September 14, 2017 (finance.yahoo.com)
- Tap These 5 Value Stocks With Exciting EV/EBITDA Ratios (finance.yahoo.com)
- Caleres, Inc. :CAL-US: Earnings Analysis: Q2, 2018 By the Numbers : September 11, 2017 (finance.yahoo.com)
- Caleres, Inc. (CAL) Downgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Caleres (NYSE:CAL) traded up 1.62% during trading on Friday, hitting $28.82. 621,436 shares of the stock were exchanged. The company has a market cap of $1.24 billion, a P/E ratio of 20.45 and a beta of 1.06. The firm’s 50-day moving average is $26.31 and its 200 day moving average is $27.07. Caleres has a 1-year low of $22.39 and a 1-year high of $36.61.
Caleres (NYSE:CAL) last announced its earnings results on Tuesday, August 29th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $668.85 million. Caleres had a net margin of 2.26% and a return on equity of 13.80%. Caleres’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts forecast that Caleres will post $2.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. Caleres’s payout ratio is presently 19.86%.
CAL has been the subject of a number of recent research reports. BidaskClub cut shares of Caleres from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Caleres from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. UBS AG upgraded shares of Caleres from a “neutral” rating to a “positive” rating in a research note on Tuesday, May 30th. Finally, TheStreet upgraded shares of Caleres from a “c+” rating to a “b-” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Caleres currently has a consensus rating of “Buy” and a consensus price target of $31.40.
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.
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