Caleres Reports First Quarter 2016 Results
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Jefferies Cuts Price Target on Caleres (CAL) to $24 Following 1Q EPS Miss
May 27, 2016 8:43 AM EDTJefferies maintained a Hold rating on Caleres (NYSE: CAL), and cut the price target to $24.00 (from $30.00), following the company's 1Q earnings report. CAL's $0.41 EPS was a few cents below consensus. Management maintained FY guidance of $2.00-$2.10 as SG&A pressure should abate.
Analyst... More
Sterne Agee CRT Reiterates Buy on Caleres (CAL) Following 1Q
May 27, 2016 7:34 AM EDTSterne Agee CRT reiterated a Buy rating and $30.00 price target on Caleres (NYSE: CAL) following the company's 1Q earnings report. CAL reported EPS of $0.41.
Analyst Sam Poser commented, "Reiterate Buy. Caleres's overall business is being well-managed. The Famous Footwear & Contemporary Fashion... More
BB&T Capital Upgrades Caleres (CAL) to Buy
May 27, 2016 6:30 AM EDTBB&T Capital upgraded Caleres (NYSE: CAL) from Hold to Buy with a price target of $26.00 on attractive valuation following Q1 results.
Analyst Corinna Freedman commented, "CAL reported a modest Q1 sales (on the exit of low margin product lines) and EPS miss (on planned... More
Caleres (CAL) Misses Q1 EPS by 2c, Offers Guidance
May 26, 2016 4:23 PM EDTCaleres (NYSE: CAL) reported Q1 EPS of $0.41, $0.02 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $584.7 million versus the consensus estimate of $610.58 million.
Famous Footwear comps rose 1 percent.
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Sales down 9.1%, reflecting a planned... More