Wedbush analyst Christopher Svezia believes that Caleres' strong, consistent performance with opportunity in the 2H18 was overshadowed by elevated expectations heading into quarterly results. The analyst believes Caleres is a story about consistent sales and profit improvement without extreme volatility in performance. Even with the added fulfillment expenses, the company was able to deliver 1H18 EPS growth at the high-end of its annual outlook of 11%-16%, he contends. Svezia would use any weakness as a buying opportunity and reiterates an Outperform rating and $42 price target on the shares.