Caleres Inc. (NYSE:CAL) remained unchanged to close Friday at $26.86 after subtracting $0.0 on the day. The 5-day average trading volume is 424,960 shares of the company’s common stock. It has gained $27.87 in the past week and touched a new high 3 times within the past 5 days. An average of 392,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 506,564.
CAL’s 1-month performance is 0.98% or $0.06 on its low of $25.44 reached on 08/14/23. The company’s shares have touched a 52-week low of $16.85 and high of $31.13, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, CAL has achieved 20.56% or $4.58 and has reached a new high 15 times. However, the current price is down -13.72% from the 52-week high price.
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Insider Transactions
CAL stock investors last saw insider trading activity on Jul 11.Hasty Todd E (SVP, Chief Accounting Officer) most recently sold 5,800 shares at $25.00 per share on Jul 11. This transaction cost the insider $145,000. Chief Information Officer, Hill Willis, sold 8,000 shares at a price of $24.80 on Jun 23. Then, on Jun 08, Director Hendra Carla C sold 2,493 shares at a price of $20.36 per share. This transaction amounted to $50,746.
Valuation Metrics
CAL stock has a beta of 1.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.34 while the price-to-book (PB) in the most recent quarter is 2.07.
Caleres Inc.’s quick ratio for the period ended April 29 was 0.30, with the current ratio over the same period at 0.90. In terms of profitability, the gross margin trailing 12 months is 43.50%. The trailing 12-month EBITDA margin is 9.03%. The firm’s gross profit as reported stood at $1.28 billion against revenue of $2.97 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -45.44% to $34.73 million, while revenue of $40.81 million was -17.51% off the previous quarter. Analysts expected CAL to announce $0.93 per share in earnings in its latest quarter, but it posted $0.97, representing a 4.30% surprise. EBITDA for the quarter stood at more than $62.4 million. CAL stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 1.37 billion, with total debt at $864.97 million. Shareholders hold equity totaling $36.27 million.
Let’s look briefly at Caleres Inc. (CAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 52.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.59%.
The stock’s 5-day moving average is $26.92, reflecting a +2.64% or $0.69 change from its current price. CAL is currently trading +1.94% above its 20-day SMA, +27.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.17% and SMA200 by-1.72%.
Stochastic %K and %D was 60.00% and 59.87% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 54.78%, while the 14-day stochastic is at 55.69% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at 0.20 and 0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Caleres Inc. (NYSE: CAL), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for CAL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CAL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is CAL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $37.00, with their median price target at $32.50. Looking at these predictions, the average price target given by analysts is for Caleres Inc. (CAL) stock is $31.75.
