Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Caleres Inc before investing.

In this article, we go over a few key elements for understanding Caleres Inc’s stock price such as:

• Caleres Inc’s current stock price and volume
• Why Caleres Inc’s stock price changed recently
• Upgrades and downgrades for CAL from analysts
• CAL’s stock price momentum as measured by its relative strength

About Caleres Inc (CAL)

Before we jump into Caleres Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Caleres, Inc. is a global footwear company. The Company operates retail shoe stores and e-commerce websites, and designs, develops, sources, manufactures and distributes footwear for people of all ages. The Company operates through two segments: Famous Footwear and Brand Portfolio. The Famous Footwear segment consists of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. The Famous Footwear segment operates over 860 stores selling primarily branded footwear for the entire family. The Brand Portfolio segment includes its wholesale operations that designs, develops, sources, manufactures, markets and distributes branded, licensed and private-label footwear primarily to online retailers, national chains, department stores, independent retailers and mass merchandisers, as well as Company-owned Famous Footwear, Sam Edelman, Naturalizer and Allen Edmonds stores and e-commerce businesses, including naturalizer.com, naturalizer.ca, naturalizer.co.uk and others.

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Caleres Inc’s Stock Price as of Market Close

As of July 22, 2024, 4:00 PM, CST, Caleres Inc’s stock price was $35.69.

Caleres Inc is up 4.91% from its previous closing price of $34.02.

During the last market session, Caleres Inc’s stock traded between $33.69 and $34.98. Currently, there are 33.79 million shares of Caleres Inc stock available for purchase.

Caleres Inc’s price-earnings (P/E) ratio is currently at 7.2, which is low compared to the Retailers - Apparel & Accessories industry median of 13.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Caleres Inc Stock Price History

Caleres Inc’s (CAL) price is currently up 6.22% so far this month.

During the month of July, Caleres Inc’s stock price has reached a high of $35.85 and a low of $31.55.

Over the last year, Caleres Inc has hit prices as high as $41.94 and as low as $23.79. Year to date, Caleres Inc’s stock is up 60.19%.

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What Caused Caleres Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 19, 2024, there were 2 analysts who downgraded Caleres Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Caleres Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Caleres Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Caleres Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Caleres Inc (CAL) by visiting AAII Stock Evaluator.

Relative Price Strength of Caleres Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 19, 2024, Caleres Inc has a weighted four-quarter relative price strength of -0.94%, which translates to a Momentum Score of 65 and is considered to be Strong.

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Caleres Inc Stock Price: Bottom Line

As of July 22, 2024, Caleres Inc’s stock price is $35.69, which is up 4.91% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Caleres Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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