Caleres (NYSE:CAL) Stock Moved Up to “Strong-Buy” by Wall Street Zen

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

CAL has been the topic of several other research reports. 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 upgraded shares of Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Caleres currently has an average rating of “Hold”.

Caleres Trading Down 2.8%

Shares of CAL opened at $12.98 on Friday. The company has a market cap of $447.87 million, a PE ratio of 8.65 and a beta of 0.73. The stock has a 50-day moving average price of $12.54 and a 200-day moving average price of $12.79. Caleres has a 12-month low of $8.80 and a 12-month high of $15.04.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $695.45 million during 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 was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. 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 predict that Caleres will post 1.61 earnings per share for the current year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 11th. Caleres’s dividend payout ratio (DPR) is 18.67%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CAL. BlackRock Inc. bought a new stake in shares of Caleres in the 2nd quarter valued at about $48,870,000. Arrowstreet Capital Limited Partnership boosted its holdings 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 acquiring an additional 262,576 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in Caleres during the 2nd quarter valued at about $8,246,000. Man Group plc bought a new position in Caleres during the 2nd quarter worth approximately $4,162,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Caleres during the 2nd quarter worth approximately $3,891,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

About Caleres

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl’s.

The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.

Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.