Caleres found using ticker (CAL) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 40 and 30 with a mean TP of 36.67. Given that the stocks previous close was at 23.33 this would imply there is a potential upside of 57.2%. There is a 50 day moving average of 23.5 and the 200 day MA is 24.35. The company has a market capitalisation of $879m. Company Website: https://www.caleres.com
The potential market cap would be $1,382m based on the market concensus.
Caleres engages in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Crocs, Puma, Birkenstock, Asics, New Balance, Under Armour, Bearpaw, Timberland, and Sperry, as well as company-owned and licensed brands, such as Dr. Scholl’s Shoes, Blowfish Malibu, LifeStride, Naturalizer, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men’s apparel, leather goods, and accessories under the Allen Edmonds brand; Italian footwear Franco Sarto brand; women’s shoe collection under the Vince brand; athletic footwear for women under the Rykä brand; and women’s footwear under the Bzees brand, as well as Via Spiga brand. It operates approximately 1,086 retail stores. The company was formerly known as Brown Shoe Company and changed its name to Caleres in May 2015. Caleres was founded in 1878 and is headquartered in St. Louis, Missouri.
