Caleres (NYSE:CAL) Issues Earnings Results, Beats Expectations By $0.01 EPS

Caleres (NYSE:CAL) announced its quarterly earnings results on Thursday. The textile maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01, FiscalAI reports. The business had revenue of $666.60 million during the quarter, compared to analysts’ expectations of $662.64 million. Caleres had a negative net margin of 0.24% and a positive return on equity of 6.49%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. Caleres updated its Q2 2026 guidance to 0.320-0.380 EPS and its FY 2026 guidance to 1.400-1.650 EPS.

Caleres Trading Down 1.3%

Shares of CAL opened at $14.19 on Thursday. Caleres has a 1-year low of $8.80 and a 1-year high of $16.14. The firm’s 50-day moving average price is $12.56 and its 200-day moving average price is $12.31. The firm has a market capitalization of $478.77 million, a price-to-earnings ratio of -64.50 and a beta of 0.74.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. Caleres’s payout ratio is presently -127.27%.

Insider Transactions at Caleres

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $168,105.00. Following the completion of the sale, the insider directly owned 64,780 shares in the company, valued at $971,700. This trade represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Caleres by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker’s stock worth $151,000 after buying an additional 693 shares in the last quarter. Barclays PLC lifted its stake in Caleres by 1.0% during the 4th quarter. Barclays PLC now owns 90,762 shares of the textile maker’s stock valued at $1,105,000 after acquiring an additional 926 shares during the period. Franklin Resources Inc. lifted its stake in Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 1,007 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,879 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Caleres by 5.8% during the 2nd quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker’s stock valued at $427,000 after acquiring an additional 1,926 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research upgraded Caleres from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Seaport Research Partners increased their price objective on Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Caleres Company Profile

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.