Telsey Advisory Group Forecasts Weaker Earnings for Caleres

Caleres, Inc. (NYSE:CAL - Free Report) - Telsey Advisory Group reduced their FY2025 EPS estimates for Caleres in a research report issued to clients and investors on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $3.27 per share for the year, down from their previous estimate of $3.50. The consensus estimate for Caleres' current full-year earnings is $3.50 per share. Telsey Advisory Group also issued estimates for Caleres' Q3 2026 earnings at $1.39 EPS and FY2026 earnings at $3.79 EPS.

Several other brokerages also recently issued reports on CAL. Loop Capital reduced their price target on shares of Caleres from $30.00 to $25.00 and set a "hold" rating on the stock in a 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 Caleres stock traded up $0.15 on Wednesday, hitting $20.52. The company's stock had a trading volume of 483,474 shares, compared to its average volume of 676,395. The company has a market capitalization of $690.07 million, a P/E ratio of 4.57 and a beta of 1.96. Caleres has a 52-week low of $19.90 and a 52-week high of $44.51. The firm has a fifty day moving average price of $26.66 and a 200-day moving average price of $32.00.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The textile maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The firm had revenue of $740.90 million for the quarter, compared to analyst estimates of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share.

Hedge Funds Weigh In On Caleres

Several institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Caleres by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker's stock worth $60,648,000 after acquiring an additional 56,346 shares during the period. State Street Corp boosted its holdings in shares of Caleres by 3.1% during the third quarter. State Street Corp now owns 1,519,912 shares of the textile maker's stock worth $50,233,000 after purchasing an additional 46,230 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Caleres in the third quarter valued at $49,783,000. FMR LLC increased its stake 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. Finally, American Century Companies Inc. lifted its position in Caleres by 25.6% during the second quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker's stock worth $30,302,000 after buying an additional 183,594 shares during the period. Hedge funds and other institutional investors own 98.44% of the company's stock.

Caleres Dividend Announcement

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

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.