Caleres Inc Receives a Hold from Jefferies

By Ryan Adsit

Jefferies analyst Randal Konik reiterated a Hold rating on Caleres Inc (NYSE: CAL) today and set a price target of $27. The company’s shares closed yesterday at $28.45.

Konik noted:

“Caleres drove solid 3Q results against a challenging retail backdrop. Better than expected top-line at Famous Footwear and GM expansion helped deliver a bottom-line beat. That said, we continue to view risk/reward balanced here and maintain our Hold rating.”

According to TipRanks.com, Konik is a 4-star analyst with an average return of 1.9% and a 49.1% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Caleres Inc has an analyst consensus of Hold, with a price target consensus of $28.50.

Caleres Inc’s market cap is currently $1.22B and has a P/E ratio of 14.90. The company has a book value ratio of 1.9894.

Caleres, Inc. is a global footwear retailer and wholesaler. It offers retail shoe stores and e-Commerce websites as well as the design, sourcing and marketing footwear for women and men. The company operates through two segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment provides brand-name athletic, casual and dress shoes for the entire family. Brand Portfolio segment sells footwear on a wholesale basis to retailers. Caleres was founded by George Warren Brown in 1878 and is headquartered in St. Louis, MO.