Caleres Inc. (CAL) shares are trading at lower $12.33 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $12.67.
To add more color to this target, the company’s high over the last year is $24.33 and the low is $3.12. Over the last 52 weeks, CAL is down -44.31% while the S&P 500 is up 14.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CAL reported a profit of $256.97 million. Caleres Inc. also saw revenues increase to $647.48 million. In addition, CAL has free cash flow of $86.22 million as of 10-2020.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CAL has a short ratio of 2.34 and outstanding shares of 37.11M.
CAL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -9.08. Caleres Inc. CAL also noted assets of $2.03 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CAL has historically followed its peers on positive news.
All told, Caleres Inc. CAL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CAL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Caleres Inc. CAL is now commanding a market cap of 490.98M and a float of 36.20M. CAL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CAL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CAL, either long or short, and we have not been compensated for this article.