Why Caleres Stock Was Jumping Today
Shares of Caleres (NYSE: CAL) were moving higher today after the footwear retailer topped profit expectations in its second-quarter earnings report, showing it's managing the challenging macro environment better than expected.
As of 2:16 p.m. ET, the stock was up 16.5% on the news.
In a difficult environment, the Famous Footwear parent said revenue fell 5.8% to $695.5 million, missing estimates of $704.9 million.
Source Fool.com
Caleres Inc. Stock
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The community is currently still undecided about Caleres Inc. with 2 Buy predictions and 0 Sell predictions.
With a target price of 13 € there is a slightly positive potential of 17.12% for Caleres Inc. compared to the current price of 11.1 €.
