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

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

Other analysts have also issued research reports about the company. Zacks Research lowered Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a research report on Friday, July 31st. Finally, KeyCorp restated a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Caleres Price Performance

Shares of Caleres stock opened at $12.22 on Friday. Caleres has a 1 year low of $8.80 and a 1 year high of $16.14. The firm’s 50-day moving average is $12.76 and its two-hundred day moving average is $12.43. The stock has a market cap of $410.47 million, a price-to-earnings ratio of -1,220.78 and a beta of 0.76.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $662.63 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. 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 expect that Caleres will post 1.63 earnings per share for the current year.

Caleres Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, September 11th. Caleres’s payout ratio is -2,800.00%.

Institutional Investors Weigh In On Caleres

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,879 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Caleres during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC raised its position in shares of Caleres by 1,032.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 2,199 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Caleres in the 2nd quarter valued at approximately $37,000. Finally, Legal & General Group Plc acquired a new stake in Caleres in the 2nd quarter worth approximately $43,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

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.