Analysts Issue Forecasts for Caleres' Q3 Earnings (NYSE:CAL)

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 earnings estimates for shares of Caleres in a research note issued on Friday, September 5th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $0.85 per share for the quarter, down from their prior forecast 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.

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

Other analysts have also issued research reports about the stock. Loop Capital dropped their price target on shares of Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Zacks Research cut shares of Caleres from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $14.00.

Caleres Trading Up 10.4%

NYSE CAL opened at $15.72 on Monday. The stock has a market cap of $531.17 million, a P/E ratio of 8.98 and a beta of 1.07. Caleres has a 12-month low of $12.09 and a 12-month high of $39.76. The company has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $15.12.

Caleres Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 12th. Caleres's dividend payout ratio (DPR) is presently 16.00%.

Institutional Trading of Caleres

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of Caleres by 8.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,455 shares of the textile maker's stock valued at $706,000 after buying an additional 2,383 shares during the last quarter. Northern Trust Corp grew its position in shares of Caleres by 7.5% in the 4th quarter. Northern Trust Corp now owns 402,370 shares of the textile maker's stock valued at $9,319,000 after buying an additional 28,009 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Caleres by 116.8% in the 4th quarter. BNP Paribas Financial Markets now owns 177,620 shares of the textile maker's stock valued at $4,114,000 after buying an additional 95,682 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Caleres in the 4th quarter valued at $3,251,000. Finally, Deutsche Bank AG grew its position in shares of Caleres by 32.6% in the 4th quarter. Deutsche Bank AG now owns 38,909 shares of the textile maker's stock valued at $901,000 after buying an additional 9,575 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.