Caleres (NYSE:CAL) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Caleres (NYSE:CAL) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on CAL. KeyCorp restated a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen raised Caleres from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Seaport Research Partners raised their price target on Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Caleres Trading Down 5.4%

Shares of NYSE CAL opened at $11.72 on Wednesday. The business has a 50-day moving average of $13.12 and a 200-day moving average of $12.51. The firm has a market capitalization of $393.67 million, a price-to-earnings ratio of -1,170.83 and a beta of 0.75. Caleres has a 12 month low of $8.80 and a 12 month high of $16.14.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The business had revenue of $666.60 million for the quarter, compared to the consensus estimate of $662.63 million. During the same period last year, the firm posted $0.22 earnings per share. Caleres’s quarterly revenue was up 8.5% on a year-over-year basis. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. On average, analysts predict that Caleres will post 1.63 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 11th. Caleres’s payout ratio is presently -2,800.00%.

Insider Buying and Selling at Caleres

In other news, insider Daniel R. Freidman sold 11,207 shares of the company’s stock in a transaction on 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 owned 64,780 shares of the company’s stock, valued at approximately $971,700. This represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company’s stock.

Institutional Trading of Caleres

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Caleres by 181.7% during the first quarter. Royal Bank of Canada now owns 12,047 shares of the textile maker’s stock valued at $127,000 after buying an additional 7,771 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Caleres by 8.1% in the first quarter. Polar Asset Management Partners Inc. now owns 97,600 shares of the textile maker’s stock worth $1,029,000 after buying an additional 7,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Caleres by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker’s stock valued at $15,543,000 after acquiring an additional 262,576 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Caleres by 13.2% in the 1st quarter. Sei Investments Co. now owns 20,783 shares of the textile maker’s stock valued at $219,000 after acquiring an additional 2,425 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Caleres by 16.5% in the 1st quarter. First Trust Advisors LP now owns 15,989 shares of the textile maker’s stock valued at $169,000 after acquiring an additional 2,261 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

About Caleres

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.