Caleres Inc (NYSE: CAL) has reported E.P.S. of $0.85 for its second fiscal quarter (ending July 31) versus $0.95 for the same period a year ago — a decline of -11%. For the latest four quarters through July 31, E.P.S. were $4.62 versus $4.14 for the same period a year ago — an increase of 12%.
Recent Price Action
Caleres Inc (NYSE: CAL) stock closed at $30.23 on 9/12/24 after a major decline of -18.8%. Moreover, exceptionally high trading volume at 517% of normal accompanied the decline. The stock has declined -24.0% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). 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 59 but a good Power Rating of 77, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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