While Caleres Inc has underperformed by -1.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CAL rose by 12.13%, with highs and lows ranging from $44.51 to $24.71, whereas the simple moving average fell by -18.40% in the last 200 days.
On September 03, 2024, Loop Capital Downgraded Caleres Inc (NYSE: CAL) to Hold. A report published by KeyBanc Capital Markets on February 07, 2024, Initiated its previous ‘Sector Weight’ rating for CAL. Piper Sandler also Downgraded CAL shares as ‘Neutral’, setting a target price of $25 on the company’s shares in a report dated May 25, 2023. Piper Sandler February 21, 2023d the rating to Overweight on February 21, 2023, and set its price target from $26 to $35. Piper Sandler initiated its ‘Neutral’ rating for CAL, as published in its report on October 25, 2022. Seaport Research Partners’s report from June 24, 2022 suggests a price prediction of $35 for CAL shares, giving the stock a ‘Buy’ rating. CL King also rated the stock as ‘Buy’.
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Analysis of Caleres Inc (CAL)
A return on investment can be expected regardless of CAL’s performance over the next quarter with the dividend set at $0.28 per share. Further, the quarter-over-quarter decrease in sales is -1.76%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Caleres Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 29.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CAL is recording an average volume of 678.18K. On a monthly basis, the volatility of the stock is set at 3.14%, whereas on a weekly basis, it is put at 3.74%, with a loss of -14.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.67, showing growth from the present price of $29.02, which can serve as yet another indication of whether CAL is worth investing in or should be passed over.
How Do You Analyze Caleres Inc Shares?
A leading company in the Apparel Retail sector, Caleres Inc (CAL) is based in the USA. When comparing Caleres Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.29, there is a growth in quarterly earnings of -10.14%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.76%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CAL shares are owned by institutional investors to the tune of 89.88% at present.
