Telsey Advisory Group Reduces Earnings Estimates for Caleres

Key Points

• Telsey Advisory Group has revised its Q3 2026 earnings estimate for Caleres down to $0.85 per share from a previous forecast of $1.02.
• The company reported earnings of $0.35 per share for the last quarter, missing analysts' expectations of $0.51 by $0.16, while also experiencing a 3.6% year-over-year revenue decline.
• Caleres will pay a quarterly dividend of $0.07 on September 26th, with an annualized dividend yield of 1.8%.

Caleres, Inc. (NYSE:CAL - Free Report) - Equities researchers at Telsey Advisory Group lowered their Q3 2026 EPS estimates for Caleres in a report issued on Friday, September 5th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will earn $0.85 per share for the quarter, down from their prior estimate of $1.02. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Telsey Advisory Group also issued estimates for Caleres' FY2026 earnings at $1.75 EPS, Q1 2027 earnings at $0.56 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $1.04 EPS, Q4 2027 earnings at $0.39 EPS and FY2027 earnings at $2.50 EPS.

A number of other equities analysts also recently weighed in on CAL. Loop Capital dropped their target price on Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Zacks Research downgraded Caleres from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Caleres presently has a consensus rating of "Reduce" and a consensus price target of $14.00.

Caleres Stock Down 5.3%

Shares of CAL traded down $0.84 during trading hours on Monday, reaching $14.91. The company's stock had a trading volume of 788,847 shares, compared to its average volume of 852,488. The firm has a market cap of $504.55 million, a price-to-earnings ratio of 8.52 and a beta of 1.08. Caleres has a 1-year low of $12.09 and a 1-year high of $34.53. The company has a 50 day moving average of $14.61 and a two-hundred day moving average of $15.10.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.16). The business had revenue of $658.52 million during the quarter, compared to analyst estimates of $656.93 million. Caleres had a net margin of 2.26% and a return on equity of 11.91%. Caleres's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS.

Hedge Funds Weigh In On Caleres

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in Caleres by 244.0% during the first quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,032 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Caleres by 1,662.8% during the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,879 shares during the last quarter. Parallel Advisors LLC grew its holdings in Caleres by 1,485.5% during the second quarter. Parallel Advisors LLC now owns 4,059 shares of the textile maker's stock valued at $50,000 after purchasing an additional 3,803 shares during the last quarter. GAMMA Investing LLC grew its holdings in Caleres by 15.3% during the second quarter. GAMMA Investing LLC now owns 6,903 shares of the textile maker's stock valued at $84,000 after purchasing an additional 915 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Caleres by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 5,097 shares of the textile maker's stock valued at $88,000 after purchasing an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.07 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Caleres's dividend payout ratio is currently 16.00%.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.