Caleres (NYSE:CAL) Announces Earnings Results

Caleres (NYSE:CAL) issued its earnings results on Wednesday. The textile maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10, Zacks reports. Caleres had a return on equity of 7.33% and a net margin of 0.02%.During the same quarter in the previous year, the company posted $0.20 EPS. Caleres updated its Q3 2026 guidance to 0.620-0.700 EPS and its FY 2026 guidance to 1.500-1.650 EPS.

Caleres Stock Down 3.0%

CAL opened at $12.06 on Wednesday. Caleres has a 52 week low of $8.80 and a 52 week high of $16.14. The business has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $12.44. The firm has a market cap of $405.10 million, a P/E ratio of -1,204.80 and a beta of 0.75.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 11th. Caleres’s dividend payout ratio is -2,800.00%.

Hedge Funds Weigh In On Caleres

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Caleres in the 4th quarter valued at approximately $25,000. Osaic Holdings Inc. raised its stake in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,879 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 2,199 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Caleres in the second quarter valued at $136,000. Finally, Entropy Technologies LP acquired a new position in Caleres during the 3rd quarter worth $150,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAL has been the subject of a number of recent research reports. Wall Street Zen downgraded Caleres from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research cut shares of Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Caleres has a consensus rating of “Reduce”.

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.