Caleres Inc (NYSE: CAL) has reported E.P.S. of $0.88 for its first fiscal quarter (ending April 30) versus $0.97 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $4.72 versus $4.60 for the same period a year ago.
Recent Price Action
On 5/30/24, Caleres Inc (NYSE: CAL) stock declined modestly by -1.3%, closing at $36.20. Moreover, trading volume in this decline was unusually high at 162% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAL is expected to continue to be a major Value Builder.
Caleres has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Caleres has a neutral Appreciation Score of 58 but a very high Power Rating of 87, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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