Caleres Inc (NYSE: CAL) has reported earnings for its third fiscal quarter (ending October 31) of $1.32 versus $1.09 for the same period a year ago — an increase of 21%. For the latest four quarters through October 31, E.P.S. were $4.37 compared to $4.72 a year ago — a decline of -7%.
Recent Price Action
On 11/21/23, Caleres Inc (NYSE: CAL) stock enjoyed a very large increase of 8.8%, closing at $29.91. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Caleres has a slightly positive Appreciation Score of 66 and a very high Power Rating of 87, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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