Caleres (NYSE:CAL) Stock Lifted to Strong-Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Caleres to “strong-buy” from “buy,” although other analysts remain cautious: Zacks Research downgraded the stock to “hold,” and the overall analyst consensus is “hold.”
• Caleres shares opened at $12.98 and were reported down 2.8%, with a $447.94 million market capitalization and a 52-week trading range of $8.80 to $15.04.
• The company’s latest quarterly earnings beat estimates, with EPS of $0.47 versus a $0.37 consensus, while revenue reached $695.45 million and increased 5.6% year over year.

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

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Caleres from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, September 11th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Caleres Trading Down 2.8%

NYSE:CAL opened at $12.98 on Friday. The company has a market cap of $447.94 million, a price-to-earnings ratio of 9.14 and a beta of 0.73. Caleres has a twelve month low of $8.80 and a twelve month high of $15.04. The stock has a fifty day simple moving average of $12.54 and a 200-day simple moving average of $12.79.

Caleres (NYSE:CAL - Get Free Report) last released its earnings results on Wednesday, September 9th. The textile maker reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $695.45 million during the quarter, compared to the consensus estimate of $702.49 million. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts predict that Caleres will post 1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Caleres

A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its position in shares of Caleres by 272.2% in the third quarter. Signaturefd LLC now owns 5,769 shares of the textile maker's stock valued at $70,000 after purchasing an additional 4,219 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Caleres in the 3rd quarter worth $25,000. WINTON GROUP Ltd acquired a new stake in Caleres during the second quarter worth about $235,000. Corient Private Wealth LP grew its holdings in shares of Caleres by 10.6% during the 2nd quarter. Corient Private Wealth LP now owns 24,821 shares of the textile maker's stock worth $307,000 after purchasing an additional 2,379 shares during the period. Finally, Penn Capital Management Company LLC acquired a new position in Caleres during the second quarter valued at approximately $812,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Caleres Company Profile

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.

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