For its third fiscal quarter (ending October 31), Caleres Inc (NYSE: CAL) has reported a -9% decline in E.P.S. from $1.32 a year ago to $1.20 in the current quarter. E.P.S. were $4.50 for the latest four quarters through October 31 versus $4.37 for the same period a year ago — an increase of 3%.
Recent Price Action
On 12/5/24, Caleres Inc (NYSE: CAL) stock suffered a major decline of -20.0%, closing at $26.57. Moreover, exceptionally high trading volume at 415% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -14.5% during the last week.
Current PriceTarget Research Rating
Caleres has a current Value Trend Rating of D (Negative). 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 56 but a poor Power Rating of 24, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment