What’s best: jumping in or staying out? Caleres Inc (CAL) Stock

KeyBanc Capital Markets raised the price target for the Caleres Inc (NYSE:CAL) stock to “a Sector weight”. The rating was released on February 07, 2024, according to finviz. We previously noted in another research note published on May 25, 2023 by Piper Sandler that downgraded the stock from an Overweight to a Neutral with a price target of $25 for CAL stock. The research report from Piper Sandler has upgraded the stock from Neutral to Overweight, with a price target set at $35. The stock was initiated by Piper Sandler, who disclosed in a research note on October 25, 2022, to Neutral and set the price objective to $28. In their research brief published June 24, 2022, Seaport Research Partners analysts initiated the Caleres Inc stock to Buy with a price target of $35.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.86 during the last quarter as opposed to a consensus estimate of $0.85, which indicates the company beat its estimate by $0.01, which implies that the company surprised the market by 1.20%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2024) is $0.9. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is $1.01 and the low earnings per share estimate is $0.86. According to 3 analyst estimates, an average revenue estimate of $666.4M is projected for the current quarter with a high revenue estimate of $668.3M and a low estimate of $663.59M.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -3.65% within the last five trades and -1.16% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 33.00% in the last 6 months and 24.47% was added to its value over the previous 3 months. CAL stock is trading at a margin of -2.22%, 5.55% and 29.41% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, CAL deals in the Consumer Cyclical domain. The stock is trading -8.80 percent below its 52-week high and 127.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 73.42. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Caleres Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 7.14 percent and the profit margin is 5.82 percent, and the company has reported a gross margin of 44.37 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $1.36 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Caleres Inc (NYSE:CAL) is 7.97. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.63. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.48 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.65, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 4.26 percent of Caleres Inc shares are owned by insiders, and 93.35 percent are held by financial institutions. Schmidt John W, the President & CEO, Caleres at Caleres Inc (CAL) has sold 25,332 shares of firm on Mar 04 ’24 at a price of $38.71 against the total amount of $0.98 million. In another inside trade, Schmidt John W, President & CEO, Caleres of Caleres Inc (NYSE:CAL) sold 12,668 shares of the firm on Feb 08 ’24 for a total worth of $0.42 million at a price of $33.29. An inside trade which took place on Jan 11 ’24, President & CEO, Caleres of Caleres Inc Schmidt John W sold 12,668 shares of firm against total price of $0.38 million at the cost of $30.16 per share.

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