Zacks Research Downgrades Caleres (NYSE:CAL) to Hold

Caleres (NYSE:CAL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on CAL. Wall Street Zen raised Caleres from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. KeyCorp restated a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Weiss Ratings raised Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Seaport Research Partners lifted their target price on Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from 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 firm has a 50 day moving average of $13.12 and a 200-day moving average of $12.51. Caleres has a 12 month low of $8.80 and a 12 month high of $16.14. The stock has a market capitalization of $393.67 million, a PE ratio of -1,170.83 and a beta of 0.75.

Caleres (NYSE:CAL) last posted its quarterly earnings results 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 analyst estimates of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $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, research analysts predict that Caleres will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Caleres

Several institutional investors have recently modified their holdings of CAL. Royal Bank of Canada lifted its holdings in Caleres by 181.7% during the 1st quarter. Royal Bank of Canada now owns 12,047 shares of the textile maker’s stock worth $127,000 after buying an additional 7,771 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in Caleres by 8.1% in the first quarter. Polar Asset Management Partners Inc. now owns 97,600 shares of the textile maker’s stock valued at $1,029,000 after acquiring an additional 7,300 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Caleres by 21.7% during 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 purchasing an additional 262,576 shares during the period. Sei Investments Co. increased its position in Caleres by 13.2% during the 1st quarter. Sei Investments Co. now owns 20,783 shares of the textile maker’s stock valued at $219,000 after purchasing an additional 2,425 shares during the period. Finally, First Trust Advisors LP raised its holdings in Caleres by 16.5% during the 1st quarter. First Trust Advisors LP now owns 15,989 shares of the textile maker’s stock worth $169,000 after purchasing an additional 2,261 shares during the last quarter. 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.