Caleres (NYSE:CAL) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Caleres from “hold” to “buy,” although the broader analyst consensus remains “Reduce,” with two hold ratings and one sell rating.
• Caleres shares were trading up 5.3% at $12.51, with a market capitalization of approximately $420 million and a price-to-earnings ratio of 8.34.
• The company reported quarterly EPS of $0.47, exceeding estimates of $0.37, while revenue rose 5.6% year over year to $695.45 million but fell short of expectations.

Caleres (NYSE:CAL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

CAL has been the topic of several other research reports. Zacks Research lowered Caleres from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Weiss Ratings restated a "sell (d+)" rating on shares of Caleres in a research report on Friday, July 31st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Caleres in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Caleres Trading Up 5.3%

CAL opened at $12.51 on Friday. Caleres has a 1-year low of $8.80 and a 1-year high of $15.87. The stock has a market capitalization of $420.21 million, a PE ratio of 8.34 and a beta of 0.75. The firm has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $12.43.

Caleres (NYSE:CAL - Get Free Report) last announced its earnings results on Wednesday, September 9th. The textile maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The company had revenue of $695.45 million for the quarter, compared to analyst estimates of $702.49 million. Caleres had a net margin of 1.85% and a return on equity of 7.84%. Caleres's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. 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, research analysts predict that Caleres will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CAL. The Manufacturers Life Insurance Company increased its position in Caleres by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker's stock worth $151,000 after buying an additional 693 shares during the period. Barclays PLC boosted its position in shares of Caleres by 1.0% in the fourth quarter. Barclays PLC now owns 90,762 shares of the textile maker's stock valued at $1,105,000 after acquiring an additional 926 shares during the period. Franklin Resources Inc. boosted its position 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 valued at $231,000 after acquiring an additional 1,007 shares during the period. Osaic Holdings Inc. grew its stake in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock valued at $25,000 after acquiring an additional 1,879 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Caleres by 5.8% in the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker's stock valued at $427,000 after acquiring an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

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.

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