Telsey Advisory Group Lowers Earnings Estimates for Caleres

Caleres, Inc. (NYSE:CAL - Free Report) - Research analysts at Telsey Advisory Group dropped their Q2 2026 earnings per share (EPS) estimates for Caleres in a research report issued on Friday, March 21st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings per share of $0.84 for the quarter, down from their prior forecast of $0.88. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Telsey Advisory Group also issued estimates for Caleres' Q4 2026 earnings at $0.49 EPS.

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

Separately, Loop Capital cut their price objective on Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a report on Friday, December 6th.

Caleres Stock Performance

CAL stock traded down $0.45 during trading on Monday, reaching $17.16. 375,572 shares of the company traded hands, compared to its average volume of 644,465. The company has a market capitalization of $576.91 million, a price-to-earnings ratio of 3.81 and a beta of 1.82. Caleres has a 12 month low of $15.00 and a 12 month high of $44.51. The business has a 50 day simple moving average of $17.53 and a 200 day simple moving average of $25.19.

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Institutional Investors Weigh In On Caleres

A number of institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,244 shares during the period. Golden State Wealth Management LLC acquired a new stake in Caleres in the 4th quarter valued at $59,000. Lee Danner & Bass Inc. purchased a new stake in Caleres in the 4th quarter worth $81,000. Canada Pension Plan Investment Board acquired a new position in Caleres during the fourth quarter worth $86,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Caleres during the fourth quarter valued at $149,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caleres

In other news, Director Kyle Gendreau acquired 5,000 shares of the business's stock in a transaction on Friday, January 17th. The stock was bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $99,650. This represents 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. Company insiders own 3.80% of the company's stock.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres's dividend payout ratio (DPR) is currently 9.12%.

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.