Caleres Inc (NYSE:CAL) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: March 20, 2017
Zacks Investment Research has downgraded Caleres Inc (NYSE:CAL) to Hold in a statement released on 3/20/2017.
On 3/7/2017, Zacks Investment Research released a statement for Caleres Inc (NYSE:CAL) bumped up the target price from $0.00 to $34.00 that suggested an upside of 0.13%.
Boasting a price of $26.99, Caleres Inc (NYSE:CAL) traded -3.54% lower on the day. With the last stock price close down -7.47% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Caleres Inc has recorded a 50-day average of $30.41 and a two hundred day average of $29.14. Volume of trade was down over the average, with 262,035 shares of CAL changing hands under the typical 285,443
With a total market value of $0, Caleres Inc has price-earnings ratio of 13.98 with a one year low of $21.27 and a one year high of $36.61 .
A total of 8 equity analysts have released a ratings update on CAL. 2 brokers rating the stock a strong buy, five analysts rating the company a buy, three analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.38.
Brief Synopsis About Caleres Inc (NYSE:CAL)
Caleres, Inc., formerly Brown Shoe Company, 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. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms. As of January 30, 2016, it operated 1,211 retail shoe stores in the United States, Canada and Guam. It offers brands, including Nike, Skechers, Converse, Vans, adidas, Sperry, New Balance, Asics, Bearpaw and Sof Sole. It also offers Company-owned and licensed brands, including LifeStride, Dr. Scholl's, Allen Edmonds and Carlos by Carlos Santana. Through its Brand Portfolio segment, it also designs, sources and markets footwear to retail stores domestically and internationally.
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