Susquehanna downgraded Caleres (NYSE:CAL) from Positive to Neutral in a report released today.
- Updated: March 20, 2017
Susquehanna has downgraded Caleres (NYSE:CAL) from Positive to Neutral in a report released on 3/20/2017.
Previously on 3/7/2017, Zacks Investment Research released a statement about Caleres (NYSE:CAL) increased the target price from $0.00 to $34.00. At the time, this indicated a possible upside of 0.13%.
Just yesterday Caleres (NYSE:CAL) traded -3.54% lower at $27.95. Caleres’s 50-day moving average is $30.41 and its 200-day moving average is $29.14. The last stock price is down -7.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 262,035 shares of CAL traded hands, down from an average trading volume of 285,443
Recent Performance Chart
Caleres has 52 week low of $21.27 and a 52 week high of $36.61 with a PE ratio of 13.98 and has a market capitalization of $0.
In addition to Susquehanna reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $34.38 with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Caleres (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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.