Caleres (NYSE:CAL – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.
CAL has been the subject of a number of other research reports. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings raised Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Analysis on Caleres
Caleres Trading Up 0.2%
Shares of NYSE CAL opened at $12.98 on Friday. Caleres has a 12-month low of $8.80 and a 12-month high of $15.04. The firm’s 50-day moving average price is $12.54 and its 200-day moving average price is $12.80. The stock has a market capitalization of $447.94 million, a price-to-earnings ratio of 8.65 and a beta of 0.73.
Caleres (NYSE:CAL – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The textile maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The company had revenue of $695.45 million during the quarter, compared to analyst estimates of $702.49 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. On average, equities analysts predict that Caleres will post 1.61 EPS for the current fiscal year.
Institutional Trading of Caleres
A number of hedge funds and other institutional investors have recently bought and sold shares of CAL. Fortitude Family Office LLC purchased a new stake in Caleres in the third quarter valued at about $25,000. First Trust Advisors LP boosted its holdings in Caleres by 16.5% in the first quarter. First Trust Advisors LP now owns 15,989 shares of the textile maker’s stock worth $169,000 after acquiring an additional 2,261 shares in the last quarter. Corient Private Wealth LP boosted its holdings in Caleres by 10.6% in the second quarter. Corient Private Wealth LP now owns 24,821 shares of the textile maker’s stock worth $307,000 after acquiring an additional 2,379 shares in the last quarter. Sei Investments Co. grew its stake in shares of Caleres by 13.2% during the first quarter. Sei Investments Co. now owns 20,783 shares of the textile maker’s stock worth $219,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Caleres during the second quarter worth about $37,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.
About Caleres
Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl’s.
The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.
Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.
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