Caleres (NYSE:CAL) Upgraded 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 published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently issued reports on CAL. Weiss Ratings upgraded Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat, Caleres has an average rating of “Hold”.

Caleres Stock Down 0.4%

CAL stock opened at $12.90 on Friday. The stock has a market cap of $445.18 million, a PE ratio of 8.87 and a beta of 0.73. The firm’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $12.51. Caleres has a fifty-two week low of $8.80 and a fifty-two week high of $15.04.

Caleres (NYSE:CAL) last posted its earnings results on Wednesday, September 9th. The textile maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. Caleres had a net margin of 1.85% and a return on equity of 7.84%. The firm had revenue of $695.45 million during the quarter, compared to analyst estimates of $702.49 million. During the same period in the previous year, the business posted $0.20 EPS. Caleres’s revenue was up 5.6% on a year-over-year basis. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. Equities analysts forecast that Caleres will post 1.61 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.2%. Caleres’s dividend payout ratio is presently 18.67%.

Hedge Funds Weigh In On Caleres

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