Zacks Research Downgrades Caleres (NYSE:CAL) to Hold

Caleres (NYSE:CAL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. KeyCorp reaffirmed a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Weiss Ratings raised shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Seaport Research Partners raised their price objective on shares of Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Caleres has a consensus rating of “Reduce”.

Caleres Stock Down 5.4%

Caleres stock opened at $11.72 on Wednesday. Caleres has a 52 week low of $8.80 and a 52 week high of $16.14. The company’s 50 day moving average price is $13.12 and its two-hundred day moving average price is $12.51. The stock has a market cap of $393.67 million, a P/E ratio of -1,170.83 and a beta of 0.75.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $666.60 million during the quarter, compared to the consensus estimate of $662.63 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.Caleres’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. 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 analysts anticipate that Caleres will post 1.63 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CAL. AQR Capital Management LLC raised its holdings in Caleres by 143.2% during the 1st quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock valued at $1,560,000 after acquiring an additional 53,320 shares during the period. Empowered Funds LLC boosted its holdings in shares of Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock worth $2,805,000 after acquiring an additional 6,502 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Caleres by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock worth $1,812,000 after acquiring an additional 4,175 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Caleres by 5.6% in the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after acquiring an additional 1,007 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Caleres by 2.4% in the second quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker’s stock valued at $1,218,000 after purchasing an additional 2,352 shares in the last quarter. 98.44% of the stock is owned by institutional investors.

Caleres Company Profile

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.