Caleres Inc (CAL) Stock AnalysisCALCaleres Inc

Caleres, Inc. is a global footwear company. The Company offers a portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Stuart Weitzman, Allen Edmonds, Naturalizer, Vionic, and more. Its products are available virtually in the nearly 1,000 retail stores it operates, in major department and specialty stores, on its branded e-commerce sites, and on many additional third-party retail platforms. Its Famous Footwear segment is comprised of its Famous Footwear retail stores, famousfootwear.com and famousfootwear.ca. Its Brand Portfolio segment offers retailers and consumers a carefully cultivated portfolio of brands. This segment is comprised of 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 stores and e-commerce businesses. It operates in the Consumer Cyclicals sector (FOOTWEAR, (NO RUBBER) industry).

Caleres Inc is a good buy right now due to its current price of $12.98, a strong recent performance with a 5-day change of +7.36%, and an impressive forward P/E ratio of 7.728, suggesting it is undervalued compared to earnings potential. The main risk is the recent decline in the Famous Footwear segment, which saw a 6.3% drop in sales, indicating potential challenges ahead.

7 analysts cover CAL: 5 rate it Buy, 2 Hold and 0 Sell. The average price target is 18.00.