Susquehanna Maintains Their Hold Rating on Caleres Inc

By Jason Carr

In a report released yesterday, Sam Poser from Susquehanna maintained a Hold rating on Caleres Inc (NYSE: CAL), with a price target of $33. The company’s shares closed yesterday at $29.09.

According to, Poser is a 4-star analyst with an average return of 8.3% and a 58.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Caleres Inc has an analyst consensus of Hold, with a price target consensus of $33.

Based on Caleres Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $775 million and quarterly net profit of $33.44 million. In comparison, last year the company earned revenue of $639 million and had a GAAP net loss of $6.44 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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Caleres, Inc. operates as a global footwear retailer and wholesaler. It offers footwear for women and men through retail shoe stores and e-Commerce websites. The company operates through the following segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment provides brand-name athletic, casual and dress shoes for the entire family.