Caleres Inc (CAL) is Upgraded by BB&T Capital Mkts to Buy, Price Target at $26

Caleres Inc (CAL) was Upgraded by BB&T Capital Mkts to ” Buy” and the brokerage firm has set the Price Target at $26. Earlier the firm had a rating of “Hold ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on May 27, 2016.

On the company’s financial health, Caleres Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 26, 2016. Analyst had a consensus of $0.43. The company had revenue of $584.70 million for the quarter, compared to analysts expectations of $610.58 million. The company’s revenue was down -2.9 % compared to the same quarter last year.

Caleres Inc closed down -0.09 points or -0.42% at $21.47 with 8,18,535 shares getting traded on Wednesday. Post opening the session at $21.55, the shares hit an intraday low of $21.375 and an intraday high of $21.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 18, 2016, Mark A Schmitt (SVP, CIO) sold 6,665 shares at $26.66 per share price. According to the SEC, on Jan 4, 2016, Daniel L Karpel (Chief Accounting Officer) sold 3,594 shares at $27.12 per share price. On Nov 12, 2015, Diane M Sullivan (CEO, Pres. & Chair. of Board) sold 4,150 shares at $30.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Caleres Inc. formerly Brown Shoe Company Inc. is a global footwear retailer and wholesaler. The Company 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 Company operates through two segments: Famous Footwear and Brand Portfolio. The Company’s Famous Footwear segment includes Famous Footwear stores as well as Famous Footwear segment is a family branded footwear retailer with around 1038 stores. Famous Footwear stores feature a wide selection of brand-name athletic casual and dress shoes for the entire family. The Company’s Brand Portfolio segment offers retailers and consumers a portfolio of brands by designing sourcing and marketing branded footwear for women and men. The Company’s Brand Portfolio segment sells footwear on a wholesale basis to retailers. It also sells footwear through its branded retail stores and e-commerce businesses.

Caleres Inc

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