November 28, 2016 - By Dolores Ford
As exposed in the U.S. Security & Exchange Commission, a report for the sale of 10,000 shares of Caleres Inc by Richard Ausick was filled. Richard Ausick is at present the Division President – Retail of the Missouri-based company. The public report was filled on November 28, 2016. The reported shares were sold at average $31.7 per share, and have a market value of $316,802 US Dollars. Richard Ausick presently has ownership of 215,433 shares which are equivalent to around 0.50% of the Missouri-Company’s total market capitalization.
Out of 6 analysts covering Caleres (NYSE:CAL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $55 is the highest target while $24 is the lowest. The $36.75 average target is 11.20% above today’s ($33.05) stock price. Caleres has been the topic of 12 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, May 27 by BB&T Capital. The stock of Caleres Inc (NYSE:CAL) has “Hold” rating given on Friday, May 27 by Jefferies. The firm earned “Buy” rating on Monday, September 21 by Panmure Gordon. The stock has “Speculative Buy” rating given by Beaufort Securities on Friday, December 4. The company was initiated on Friday, September 16 by Susquehanna. As per Wednesday, January 27, the company rating was initiated by BB&T Capital. The company was maintained on Monday, May 16 by Susquehanna. The stock of Caleres Inc (NYSE:CAL) has “Buy” rating given on Thursday, February 25 by Buckingham Research. The rating was maintained by Buckingham Research on Friday, August 28 with “Neutral”. On Wednesday, January 6 the stock rating was maintained by Beaufort Securities with “Speculative Buy”.
About 516,883 shares traded hands or 58.46% up from the average. Caleres Inc (NYSE:CAL) has risen 28.70% since April 25, 2016 and is uptrending. It has outperformed by 22.69% the S&P500.
Caleres, Inc., formerly Brown Shoe Company, Inc., is a global footwear retailer and wholesaler. The company has a market cap of $1.44 billion. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It has a 17.06 P/E ratio. It operates through two divisions: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and clients a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
According to Zacks Investment Research, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri.”
More recent Caleres Inc (NYSE:CAL) news were published by: Businesswire.com which released: “Caleres Reports Third Quarter 2016 Results” on November 22, 2016. Also Nasdaq.com published the news titled: “Moving Average Crossover Alert: Caleres (CAL)” on November 28, 2016. Seekingalpha.com‘s news article titled: “Caleres: This Stock Is Not Undervalued” with publication date: September 01, 2016 was also an interesting one.
Caleres, Inc., formerly Brown Shoe Company, Inc., incorporated on January 2, 1913, is a global footwear retailer and wholesaler. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. The Firm operates through two divisions: Famous Footwear and Brand Portfolio. The Firm operates approximately 1,210 retail shoe stores in the United States, Canada and Guam primarily under the Famous Footwear and Naturalizer names. In addition, through its Brand Portfolio segment, the Company designs, sources and markets footwear to retail stores domestically and internationally, including national chains, department stores, online retailers, mass merchandisers, independent retailers and catalogs.
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By Dolores Ford