Caleres Inc (NYSE: CAL) has reported E.P.S. of $1.57 for its fourth fiscal quarter (ending January 31) versus $1.14 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $4.80 compared to $4.98 a year ago.
Recent Price Action
On 3/19/24, Caleres Inc (NYSE: CAL) stock enjoyed a large increase of 2.1%, closing at $39.59. Moreover, trading volume in this advance was unusually high at 195% of normal. The stock has risen 6.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CAL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Caleres has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Caleres has a neutral Appreciation Score of 50 but a very high Power Rating of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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