FY2026 EPS Estimates for Caleres Lowered by Seaport Res Ptn

Caleres, Inc. (NYSE:CAL - Free Report) - Investment analysts at Seaport Res Ptn reduced their FY2026 earnings per share (EPS) estimates for shares of Caleres in a note issued to investors on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings of $2.95 per share for the year, down from their previous forecast of $3.68. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for Caleres' FY2027 earnings at $3.57 EPS.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $639.20 million for the quarter, compared to analyst estimates of $645.79 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The firm's revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share.

Separately, Loop Capital reduced their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a research note on Friday, December 6th.

Caleres Trading Up 3.2 %

Shares of Caleres stock traded up $0.52 on Monday, hitting $16.91. The stock had a trading volume of 901,613 shares, compared to its average volume of 630,767. The stock has a market cap of $568.73 million, a price-to-earnings ratio of 3.78 and a beta of 1.82. Caleres has a 52-week low of $15.00 and a 52-week high of $44.51. The company's 50 day moving average price is $17.78 and its 200 day moving average price is $25.78.

Remove Ads

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.66%. Caleres's dividend payout ratio (DPR) is 6.24%.

Insider Buying and Selling

In related news, Director Kyle Gendreau acquired 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $99,650. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Caleres

Several large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after buying an additional 1,244 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Caleres during the fourth quarter worth about $59,000. Lee Danner & Bass Inc. purchased a new position in Caleres during the fourth quarter worth about $81,000. Canada Pension Plan Investment Board acquired a new stake in Caleres in the fourth quarter valued at about $86,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Caleres in the 4th quarter valued at approximately $149,000. Hedge funds and other institutional investors 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.