Caleres Inc (CAL) Receives a Hold from Susquehanna

In a report released today, Sam Poser from Susquehanna maintained a Hold rating on Caleres Inc (CALResearch Report), with a price target of $24. The company’s shares closed yesterday at $20.63, close to its 52-week low of $20.60.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.0% and a 49.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Caleres Inc with a $32.50 average price target.

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Based on Caleres Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $75.45 million. In comparison, last year the company had a net profit of $16.73 million.

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Caleres, Inc. engages in the retail and wholesale of footwear. 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.

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