Caleres (NYSE:CAL) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Caleres, Inc. (NYSE:CAL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.38 and traded as high as $14.54. Caleres shares last traded at $14.49, with a volume of 431,728 shares trading hands.

Wall Street Analysts Forecast Growth

CAL has been the topic of a number of analyst reports. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. KeyCorp restated a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research note on Friday, July 31st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Caleres Stock Performance

The firm has a market capitalization of $486.72 million, a PE ratio of -1,447.55 and a beta of 0.76. The company’s 50 day simple moving average is $12.87 and its 200-day simple moving average is $12.38.

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

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Caleres’s dividend payout ratio is -2,800.00%.

Insider Buying and Selling at Caleres

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

Institutional Investors Weigh In On Caleres

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Caleres in the second quarter worth about $48,870,000. Deutsche Bank AG purchased a new position in shares of Caleres during the second quarter valued at approximately $403,000. Global Retirement Partners LLC bought a new position in Caleres during the second quarter valued at approximately $60,000. Bank of New York Mellon Corp bought a new position in Caleres during the second quarter valued at approximately $1,441,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Caleres in the second quarter worth $185,000. 98.44% of the stock is owned by hedge funds and other 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.