At the last check on Thursday, Caleres Inc.’s (NYSE:CAL) stock was up $3.95, moving up 15.97 percent to $28.68. The average number of shares traded per day over the past five days has been 501,934 shares. 4 times new highs have been achieved over the past 5 days, with a $4.33 gain in that time frame. In the last twenty days, the average volume was 438,293, while in the previous 50 days, it was 467,773.
Since last month, CAL stock rose 8.35%. Shares of the company fell to $23.79 on 08/29/23, the lowest level in the past month. A 52-week high of $28.50 was reached on 08/31/23 after having rallying from a 52-week low of $16.85. Since the beginning of this year, CAL’s stock price has risen by 28.73% or $6.20, and marked a new high 16 times. However, the stock has increased by 0.63% since its 52-week high.
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CAL stock investors should be aware that Caleres Inc. (CAL) stock had its last reported insider trading activity 51 days ago on Jul 11. Hasty Todd E, the SVP, Chief Accounting Officer of the company, disposed of 5,800 shares for $25.00 on Jul 11. It resulted in a $145,000 divestment by the insider. Hill Willis sold 8,000 shares at an average price of $24.80 on Jun 23. The insider now owns 60,792 shares following the transaction. On Jun 08, Director Hendra Carla C sold 2,493 shares at $20.36 apiece. The transaction was valued at $50,746.
Valuation Metrics
Right now, Caleres Inc. (CAL) has a P/E ratio of about 6.27. The stock’s beta is 1.88. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 2.21.
The latest dividend of $0.07 per share was paid out, remained unchanged from last year’s $0.07.
Financial Health
In the three months ended April 29, Caleres Inc.’s quick ratio stood at 0.30, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 43.50% percent. Based on annual data, CAL earned $1.28 billion in gross profit and brought in $2.97 billion in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CAL’s revenue fell -10.92% to $696.43 million during the quarter, while net income inched up to $662.73 million. While analysts expected Caleres Inc. to report $0.93 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $62.4 million in EBITDA. The liabilities of Caleres Inc. were 1.37 billion at the end of its most recent quarter ended April 29, and its total debt was $864.97 million. The value of shareholders’ equity is $36.27 million.
Technical Picture
This quick technical analysis looks at Caleres Inc.’s (CAL) price momentum. With a historical volatility rate of 81.66%, the RSI 9-day stood at 71.06% on 30 August.
With respect to its five-day moving average, the current Caleres Inc. price is up by +17.93% percent or $4.33. At present, CAL shares trade +4.63% above its 20-day simple moving average and +29.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.74% above its SMA50 and +4.48% above its SMA200.
Stochastic coefficient K was 43.77% and Stochastic coefficient D was 23.19%, while ATR was 1.37. Given the Stochastic reading of 86.69% for the 14-day period, the RSI (14) reading has been calculated as 65.42%. As of today, the MACD Oscillator reading stands at 0.68, while the 14-day reading stands at 0.10.
Analyst Ratings
Caleres Inc. downgraded its rating on Caleres Inc. (NYSE: CAL) to a Neutral in a note to investors on May 25, 2023. The analysts firm previously had an Overweight rating on the stock.Caleres Inc. (CAL) has been rated Overweight by analysts. According to 0 brokerage firms, CAL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Caleres Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $31.50, the current consensus forecast for the stock is $25.00 – $35.00. Based on these forecasts, analysts predict Caleres Inc. (CAL) will achieve an average price target of $30.75.
