Caleres (NYSE:CAL) Cut to Hold at Wall Street Zen

Caleres (NYSE:CAL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research note on Friday, July 31st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Caleres has a consensus rating of “Reduce”.

Caleres Stock Down 0.1%

Caleres stock traded down $0.01 during midday trading on Friday, reaching $12.53. 388,822 shares of the stock traded hands, compared to its average volume of 486,134. The stock has a market cap of $420.88 million, a P/E ratio of -1,251.75 and a beta of 0.76. The stock’s fifty day moving average is $12.77 and its 200-day moving average is $12.43. Caleres has a 12 month low of $8.80 and a 12 month high of $16.14.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. 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, equities analysts predict that Caleres will post 1.63 EPS for the current fiscal year.

Institutional Trading of Caleres

Several institutional investors have recently added to or reduced their stakes in CAL. Corient Private Wealth LP boosted its position in shares of Caleres by 10.6% during the second quarter. Corient Private Wealth LP now owns 24,821 shares of the textile maker’s stock valued at $307,000 after buying an additional 2,379 shares during the period. California State Teachers Retirement System raised its holdings in shares of Caleres by 217.6% in the second quarter. California State Teachers Retirement System now owns 5,678 shares of the textile maker’s stock worth $70,000 after buying an additional 3,890 shares during the period. Penn Capital Management Company LLC purchased a new stake in shares of Caleres in the second quarter worth approximately $812,000. Hsbc Holdings PLC lifted its stake in shares of Caleres by 436.9% during the 2nd quarter. Hsbc Holdings PLC now owns 73,903 shares of the textile maker’s stock worth $916,000 after acquiring an additional 60,137 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Caleres during the 2nd quarter valued at $1,882,000. Institutional investors own 98.44% of the company’s stock.

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.