Seaport Res Ptn Reduces Earnings Estimates for Caleres

Caleres, Inc. (NYSE:CAL - Free Report) - Stock analysts at Seaport Res Ptn decreased their FY2025 earnings per share estimates for shares of Caleres in a research note issued to investors on Monday, January 13th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $3.20 for the year, down from their prior forecast of $3.50. The consensus estimate for Caleres' current full-year earnings is $3.50 per share. Seaport Res Ptn also issued estimates for Caleres' FY2026 earnings at $3.68 EPS and FY2027 earnings at $4.15 EPS.

Several other research analysts have also commented on CAL. Loop Capital cut their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. StockNews.com lowered Caleres from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd.

Caleres Stock Up 0.7 %

Shares of CAL stock traded up $0.15 during mid-day trading on Wednesday, reaching $20.52. The company's stock had a trading volume of 483,474 shares, compared to its average volume of 676,395. The firm has a market capitalization of $690.07 million, a PE ratio of 4.57 and a beta of 1.96. The company's 50 day simple moving average is $26.66 and its 200-day simple moving average is $32.00. Caleres has a 12-month low of $19.90 and a 12-month high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $740.90 million during the quarter, compared to analysts' expectations of $751.35 million. During the same quarter in the previous year, the business posted $1.37 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, December 27th. Caleres's dividend payout ratio (DPR) is 6.24%.

Hedge Funds Weigh In On Caleres

A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in shares of Caleres during the third quarter valued at about $49,783,000. FMR LLC boosted its holdings in Caleres by 30.1% in the third quarter. FMR LLC now owns 929,968 shares of the textile maker's stock valued at $30,735,000 after purchasing an additional 215,372 shares during the last quarter. American Century Companies Inc. grew its stake in Caleres by 25.6% during the 2nd quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker's stock valued at $30,302,000 after purchasing an additional 183,594 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Caleres during the 3rd quarter worth approximately $4,184,000. Finally, JPMorgan Chase & Co. raised its position in shares of Caleres by 42.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 418,722 shares of the textile maker's stock valued at $13,839,000 after purchasing an additional 124,266 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.