Media coverage about Caleres (NYSE:CAL) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caleres earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 45.7782172388637 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
NYSE CAL opened at $35.93 on Friday. Caleres has a one year low of $22.39 and a one year high of $36.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 0.64. The firm has a market capitalization of $1.55 billion, a P/E ratio of 16.63, a PEG ratio of 1.32 and a beta of 0.94.
Caleres (NYSE:CAL) last posted its quarterly earnings data on Tuesday, March 13th. The textile maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Caleres had a return on equity of 14.01% and a net margin of 3.13%. The firm had revenue of $702.50 million during the quarter, compared to the consensus estimate of $695.61 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. sell-side analysts forecast that Caleres will post 2.48 earnings per share for the current year.
Several research firms recently commented on CAL. UBS downgraded Caleres from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised Caleres from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, February 2nd. ValuEngine downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Susquehanna Bancshares reissued a “neutral” rating and issued a $33.00 price objective (up from $32.00) on shares of Caleres in a research note on Tuesday, January 23rd. Finally, Buckingham Research reissued a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Caleres in a research note on Wednesday, March 14th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Caleres presently has an average rating of “Buy” and a consensus price target of $36.00.
In other Caleres news, insider Daniel R. Freidman sold 2,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $31.81, for a total value of $63,620.00. Following the completion of the sale, the insider now directly owns 91,733 shares of the company’s stock, valued at approximately $2,918,026.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard M. Ausick sold 11,890 shares of the firm’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $34.79, for a total value of $413,653.10. Following the completion of the sale, the insider now directly owns 69,834 shares of the company’s stock, valued at $2,429,524.86. The disclosure for this sale can be found here. Insiders sold a total of 54,089 shares of company stock valued at $1,880,878 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.
Caleres Company Profile
Caleres, Inc engages in the retail and wholesale of footwear in the United States, Canada, Guam, and Italy. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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