Caleres (NYSE:CAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Caleres (NYSE:CAL) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

CAL has been the topic of a number of other reports. KeyCorp restated a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Caleres currently has a consensus rating of “Hold”.

Caleres Trading Up 0.7%

Shares of CAL opened at $12.60 on Friday. Caleres has a 12-month low of $8.80 and a 12-month high of $15.87. The stock has a market cap of $434.83 million, a P/E ratio of 8.40 and a beta of 0.75. The company has a 50-day moving average of $12.73 and a two-hundred day moving average of $12.43.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share (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 firm had revenue of $695.45 million during the quarter, compared to the consensus estimate of $702.49 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. As a group, analysts forecast that Caleres will post 1.62 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.07 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.2%. Caleres’s payout ratio is 18.67%.

Hedge Funds Weigh In On Caleres

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Caleres during the 2nd quarter worth $37,000. Legal & General Group Plc acquired a new position in Caleres in the second quarter valued at $43,000. Public Employees Retirement System of Ohio purchased a new stake in Caleres during the second quarter valued at about $50,000. Global Retirement Partners LLC purchased a new stake in Caleres during the second quarter valued at about $60,000. Finally, California State Teachers Retirement System increased its stake in Caleres by 217.6% during the second quarter. California State Teachers Retirement System now owns 5,678 shares of the textile maker’s stock worth $70,000 after acquiring an additional 3,890 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Company Profile

Caleres, Inc (NYSE: CAL) is a global footwear company that designs, sources, markets and sells a portfolio of branded and private-label footwear. Its products include dress, casual, athletic and comfort shoes, as well as sandals, boots and related accessories for women, men and children.

The company operates through two primary areas: Famous Footwear, a family footwear retailer, and Brand Portfolio, which includes owned and licensed footwear brands such as Sam Edelman, Naturalizer, Franco Sarto, LifeStride, Bzees, Vince Camuto and Allen Edmonds.