(CAL) Caleres - Ratings and Ratios

Caleres Inc (NYSE:CAL) is a footwear company operating in the US, Canada, East Asia, and globally, with a diverse portfolio of licensed, branded, and private-label products. The companys business is segmented into Famous Footwear and Brand Portfolio, offering a wide range of athletic, casual, and dress shoes from prominent brands like Nike, Adidas, and Skechers, as well as its own brands, including Sam Edelman, Vionic, and Allen Edmonds.

The companys extensive brand portfolio and multi-channel distribution strategy, including retail shoe stores, wholesale, and e-commerce, enable it to cater to various customer segments. Caleres e-commerce presence is significant, with multiple brand-specific websites, such as naturalizer.com, vionicshoes.com, and allenedmonds.com, contributing to its online sales. The company has a long history, dating back to 1878, and is headquartered in Saint Louis, Missouri.

From a technical analysis perspective, CALs stock price has been trending downward, with the current price of $14.92 being close to its 52-week low of $14.40. The stocks short-term and long-term moving averages (SMA20: $15.43, SMA50: $16.07, SMA200: $25.93) indicate a bearish trend. The Average True Range (ATR) of 1.16, representing 7.76% of the current price, suggests moderate volatility.

Fundamentally, Caleres has a market capitalization of $541.73M and a relatively low Price-to-Earnings (P/E) ratio of 5.14, indicating potential undervaluation. The forward P/E ratio of 5.30 is slightly higher, suggesting a moderate growth expectation. The companys Return on Equity (RoE) of 17.87% is respectable, indicating a reasonable level of profitability.

Combining technical and fundamental insights, a potential forecast for CAL is that the stock may continue to experience downward pressure in the short term, potentially testing its 52-week low. However, the companys reasonable valuation, decent profitability, and diversified brand portfolio may provide a foundation for a potential rebound. A possible trading strategy could involve monitoring the stocks price action around its support level at $14.40 and considering a long position if it demonstrates a strong reversal pattern, accompanied by a significant increase in trading volume.