Recent meaningful negative changes in fundamentals have affected Caleres Inc (NYSE: CAL): the stock’s power rating fell below 50, the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly.
Important negative changes in Caleres Inc (NYSE: CAL) investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Caleres has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 38, with the Neutral Value Trend Rating the result.
Recent Price Action
Caleres Inc (NYSE: CAL) stock closed at $33.11 on 10/18/24 after a decline of -2.4%. However, trading volume in this decline was unusually low at 50% of normal. The stock has performed in line with the market over the last nine months and has risen 4.4% during the last week.
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