Caleres (NYSE:CAL) Posts Earnings Results, Beats Expectations By $0.01 EPS

Caleres (NYSE:CAL) posted its quarterly earnings results on Thursday. The textile maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01, FiscalAI reports. Caleres had a negative net margin of 0.24% and a positive return on equity of 6.49%. The company had revenue of $666.60 million for the quarter, compared to the consensus estimate of $662.64 million. Caleres updated its Q2 2026 guidance to 0.320-0.380 EPS and its FY 2026 guidance to 1.400-1.650 EPS.

Caleres Price Performance

NYSE:CAL opened at $14.19 on Thursday. The firm’s 50 day simple moving average is $12.56 and its 200 day simple moving average is $12.31. Caleres has a one year low of $8.80 and a one year high of $16.14. The company has a market cap of $478.77 million, a PE ratio of -64.50 and a beta of 0.74.

Caleres Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 11th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.28 annualized dividend and a yield of 2.0%. Caleres’s dividend payout ratio (DPR) is currently -127.27%.

Insider Buying and Selling

In related news, insider Daniel R. Freidman sold 11,207 shares of Caleres stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $168,105.00. Following the sale, the insider directly owned 64,780 shares in the company, valued at $971,700. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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

Several hedge funds have recently added to or reduced their stakes in CAL. Corient Private Wealth LLC bought a new position in Caleres during the 4th quarter worth approximately $249,000. Empowered Funds LLC raised its holdings in Caleres by 10.9% during the 4th quarter. Empowered Funds LLC now owns 156,776 shares of the textile maker’s stock worth $1,908,000 after purchasing an additional 15,371 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Caleres during the 4th quarter worth approximately $1,954,000. Millennium Management LLC raised its holdings in Caleres by 9.0% during the 4th quarter. Millennium Management LLC now owns 443,872 shares of the textile maker’s stock worth $5,402,000 after purchasing an additional 36,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Caleres during the 4th quarter worth approximately $2,941,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Seaport Research Partners lifted their price target on Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Caleres from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.