CAL Stock Summary and Trading Ideas (Caleres | NYSE:CAL)

Caleres Inc is a footwear retailer in the United States. The Company's business are organized into two reportable segments are famous Footwear and Brand Portfolio. The famous Footwear segment is comprised of famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of top brands. This segment is comprised of wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear to online retailers, national chains, department stores, mass merchandisers and independent retailers, as well as Company owned famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses.

Caleres trades on the NYSE stock market under the symbol CAL.

As of April 24, 2024, CAL stock price declined to $36.73 with 339,788 million shares trading.

CAL has a beta of 1.19, meaning it tends to be more sensitive to market movements. CAL has a correlation of 0.08 to the broad based SPY ETF.

CAL has a market cap of $1.39 billion. This is considered a Small Cap stock.

Last quarter Caleres reported $697 million in Revenue and $.86 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.01.

In the last 3 years, CAL stock traded as high as $41.94 and as low as $16.85.

The top ETF exchange traded funds that CAL belongs to (by Net Assets): IJR, CALF, VTI, IWM, AVUV.

CAL has outperformed the market in the last year with a price return of +61.1% while the SPY ETF gained +24.1%. CAL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.2% and +2.6%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

CAL support price is $36.80 and resistance is $38.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAL stock will trade within this expected range on the day.