Caleres (NYSE:CAL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Caleres, Inc. (NYSE:CAL) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.53 and traded as high as $13.19. Caleres shares last traded at $12.47, with a volume of 325,175 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAL. Seaport Research Partners boosted their price objective on shares of Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research raised Caleres from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, KeyCorp restated a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Caleres Price Performance

The stock has a market cap of $444.40 million, a P/E ratio of -1,321.68 and a beta of 0.74. The company’s 50 day simple moving average is $13.22 and its 200 day simple moving average is $12.54.

Caleres (NYSE:CAL) last announced its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The company had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. During the same period last year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. On average, equities research analysts predict that Caleres, Inc. will post 1.63 earnings per share for the current year.

Caleres Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, June 11th. Caleres’s dividend payout ratio is -2,800.00%.

Insider Activity at Caleres

In other news, insider Daniel R. Freidman sold 11,207 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $168,105.00. Following the sale, the insider owned 64,780 shares of the company’s stock, valued at $971,700. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caleres

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Caleres by 143.2% during the first quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after buying an additional 53,320 shares during the period. Empowered Funds LLC raised its position in Caleres by 4.2% in the 1st quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock valued at $2,805,000 after buying an additional 6,502 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Caleres by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock valued at $1,812,000 after acquiring an additional 4,175 shares in the last quarter. Franklin Resources Inc. lifted its stake in Caleres by 5.6% in the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Caleres by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker’s stock worth $1,218,000 after acquiring an additional 2,352 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.