Wall Street Zen Upgrades Caleres (NYSE:CAL) to Strong-Buy

Key Points

• Wall Street Zen upgraded Caleres from “buy” to “strong-buy,” while Weiss Ratings raised its view from “sell” to “hold.” Despite the upgrades, the broader analyst consensus remains “Hold,” based on three hold ratings.
• Caleres reported quarterly EPS of $0.47, exceeding the $0.37 consensus estimate, although revenue of $695.45 million came in below expectations. Quarterly revenue increased 5.6% year over year.
• Caleres shares opened at $13.52, with a market capitalization of approximately $466.6 million and a price-to-earnings ratio of 9.01. Institutional investors and hedge funds own approximately 98.44% of the company’s stock.

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

Separately, Weiss Ratings raised shares of Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Caleres Stock Down 0.7%

CAL stock opened at $13.52 on Friday. The company has a market capitalization of $466.58 million, a P/E ratio of 9.01 and a beta of 0.73. The company has a 50-day simple moving average of $12.56 and a 200 day simple moving average of $12.50. Caleres has a fifty-two week low of $8.80 and a fifty-two week high of $15.04.

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, beating the consensus estimate of $0.37 by $0.10. The firm had revenue of $695.45 million for the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.20 EPS. 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 anticipate that Caleres will post 1.61 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new position in shares of Caleres during the 3rd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Caleres in the 2nd quarter worth approximately $37,000. Legal & General Group Plc acquired a new stake in Caleres in the 2nd quarter worth approximately $43,000. Public Employees Retirement System of Ohio acquired a new stake in Caleres in the 2nd quarter worth approximately $50,000. Finally, Global Retirement Partners LLC bought a new stake in Caleres during the second quarter worth approximately $60,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

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.

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