Caleres (NYSE:CAL) Upgraded by Wall Street Zen to Buy Rating

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

CAL has been the topic of several other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a report on Friday, July 31st. KeyCorp reaffirmed a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Caleres Trading Up 5.3%

Shares of CAL stock opened at $12.51 on Friday. The stock has a 50 day moving average of $12.71 and a two-hundred day moving average of $12.43. Caleres has a 12 month low of $8.80 and a 12 month high of $15.87. The company has a market capitalization of $420.21 million, a P/E ratio of 8.34 and a beta of 0.75.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $695.45 million for the quarter, compared to analyst estimates of $702.49 million. Caleres had a return on equity of 7.84% and a net margin of 1.85%.Caleres’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. Sell-side analysts predict that Caleres will post 1.62 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. Caleres’s dividend payout ratio (DPR) is 18.67%.

Hedge Funds Weigh In On Caleres

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAL. AQR Capital Management LLC grew its position in Caleres by 143.2% during the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after acquiring an additional 53,320 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock valued at $2,805,000 after buying an additional 6,502 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Caleres by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock valued at $1,812,000 after buying an additional 4,175 shares during the last quarter. Franklin Resources Inc. lifted its position in Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after buying an additional 1,007 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Caleres by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker’s stock worth $1,218,000 after buying an additional 2,352 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

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.