Short Interest Watching: Caleres Incorporated (NYSE:CAL)’s Stock Is Sell After More Market Selling

November 28, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Watching: Caleres Incorporated (NYSE:CAL)'s Stock Is Sell After More Market Selling

The stock of Caleres Incorporated (NYSE:CAL) registered an increase of 0.13% in short interest. CAL’s total short interest was 776,300 shares in November as published by FINRA. Its up 0.13% from 775,300 shares, reported previously. With 210,000 shares average volume, it will take short sellers 4 days to cover their CAL’s short positions. The short interest to Caleres Incorporated’s float is 1.88%. About 215,801 shares traded hands. 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 $1.45 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 17.18 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.

Caleres Inc (NYSE:CAL) Ratings Coverage

Out of 6 analysts covering Caleres (NYSE:CAL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Caleres has been the topic of 12 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 16 by Susquehanna. The rating was downgraded by BB&T Capital on Friday, May 27 to “Hold”. On Friday, August 28 the stock rating was maintained by Buckingham Research with “Neutral”. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. As per Friday, December 4, the company rating was upgraded by Beaufort Securities. The rating was upgraded by Buckingham Research on Thursday, February 25 to “Buy”. The stock of Caleres Inc (NYSE:CAL) has “Speculative Buy” rating given on Wednesday, January 6 by Beaufort Securities. The stock of Caleres Inc (NYSE:CAL) earned “Hold” rating by BB&T Capital on Wednesday, January 27. The rating was maintained by Panmure Gordon with “Buy” on Monday, September 21. The stock of Caleres Inc (NYSE:CAL) earned “Hold” rating by Jefferies on Friday, May 27.

CAL Company Profile

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.

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: “Mid-Afternoon Market Update: Caleres Rises On Earnings Beat; Juno Therapeutics …” on November 23, 2016. Seekingalpha.com‘s news article titled: “Caleres: This Stock Is Not Undervalued” with publication date: September 01, 2016 was also an interesting one.

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By Dolores Ford


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