Caleres (NYSE:CAL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Caleres from “buy” to “hold,” while other analysts maintain cautious views; the stock has a consensus “Reduce” rating.
• Caleres shares fell 0.1% to $12.53, trading between a 52-week range of $8.80 to $16.14, with a market capitalization of approximately $420.9 million.
• The company slightly exceeded quarterly expectations, reporting $0.38 in EPS versus $0.37 expected and $666.6 million in revenue, up 8.5% year over year.

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

A number of other brokerages have also recently commented on CAL. KeyCorp restated a "sector weight" rating on shares of Caleres in a research report on Friday, June 5th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Caleres in a research note on Friday, July 31st. Finally, Zacks Research lowered shares of Caleres from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Two 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.com, the stock has a consensus rating of "Reduce".

Caleres Trading Down 0.1%

NYSE CAL traded down $0.01 during trading hours on Friday, hitting $12.53. 388,822 shares of the company's stock traded hands, compared to its average volume of 486,134. Caleres has a 52 week low of $8.80 and a 52 week high of $16.14. The firm has a market capitalization of $420.88 million, a P/E ratio of -1,251.75 and a beta of 0.76. The business's fifty day moving average price is $12.77 and its two-hundred day moving average price is $12.43.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $666.60 million during the quarter, compared to the consensus estimate of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. 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, sell-side analysts expect that Caleres will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its holdings in Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock valued at $25,000 after buying an additional 1,879 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Caleres during the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its position in shares of Caleres by 1,032.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock worth $29,000 after acquiring an additional 2,199 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Caleres during the second quarter valued at $37,000. Finally, Legal & General Group Plc purchased a new position in Caleres during the second quarter valued at $43,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

About Caleres

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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