Susquehanna analyst Sam Poser reiterated a Hold rating on Caleres Inc (NYSE: CAL) yesterday and set a price target of $37. The company’s shares closed yesterday at $40.36, close to its 52-week high of $41.09.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.3% and a 58.7% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
The word on The Street in general, suggests a Hold analyst consensus rating for Caleres Inc with a $37 average price target, which is a -8.3% downside from current levels. In a report released yesterday, Loop Capital Markets also maintained a Hold rating on the stock with a $37 price target.
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Based on Caleres Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $16.73 million. In comparison, last year the company had a net profit of $17.11 million.
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Caleres, Inc. engages in the retail and wholesale of footwear. It offers products for women and men through retail shoe stores and e-Commerce websites. It operates through the following segments: Famous Footwear, Brand Portfolio, and Other. The Famous Footwear segment provides brand-name athletic, casual, and dress shoes for the entire family.
