Caleres (NYSE:CAL) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Caleres (NYSE:CAL) from a buy rating to a strong-buy rating in a report issued on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Caleres Stock Performance

NYSE CAL opened at $13.52 on Friday. The business has a 50 day simple moving average of $12.56 and a 200 day simple moving average of $12.50. Caleres has a 52-week low of $8.80 and a 52-week high of $15.04. The stock has a market cap of $466.58 million, a price-to-earnings ratio of 9.01 and a beta of 0.71.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The firm had revenue of $695.45 million for the quarter, compared to analysts’ expectations of $702.49 million. During the same quarter last year, the business earned $0.20 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. On average, analysts predict that Caleres will post 1.61 EPS for the current year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 11th. Caleres’s dividend payout ratio is currently 18.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CAL. BlackRock Inc. acquired a new position in shares of Caleres during the 2nd quarter worth approximately $48,870,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Caleres in the 2nd quarter worth approximately $8,246,000. Man Group plc purchased a new stake in Caleres in the 2nd quarter valued at approximately $4,162,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Caleres during the 2nd quarter worth $3,891,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Caleres by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker’s stock valued at $15,543,000 after buying an additional 262,576 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.

About Caleres

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl’s.

The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.

Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.