Seaport Res Ptn Reduces Earnings Estimates for Caleres

Caleres, Inc. (NYSE:CAL - Free Report) - Research analysts at Seaport Res Ptn dropped their FY2026 earnings per share (EPS) estimates for shares of Caleres in a research note issued to investors on Tuesday, May 27th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $2.60 for the year, down from their prior forecast of $3.00. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for Caleres' Q4 2026 earnings at $0.27 EPS, FY2027 earnings at $2.96 EPS and FY2028 earnings at $3.35 EPS.

Separately, Loop Capital lowered their target price on Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday.

Caleres Stock Up 0.4%

CAL stock traded up $0.05 during midday trading on Thursday, reaching $13.43. 1,812,824 shares of the company's stock traded hands, compared to its average volume of 797,278. The company has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $19.69. The company has a market cap of $451.41 million, a price-to-earnings ratio of 2.99 and a beta of 1.11. Caleres has a 1-year low of $13.14 and a 1-year high of $44.51.

Caleres (NYSE:CAL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). Caleres had a net margin of 5.69% and a return on equity of 22.71%. The business had revenue of $614.22 million for the quarter, compared to analyst estimates of $622.93 million. During the same period in the prior year, the business earned $0.88 earnings per share. The company's revenue for the quarter was down 6.8% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted 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 worth $25,000 after acquiring an additional 1,032 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,244 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Caleres in the fourth quarter valued at about $59,000. Lee Danner & Bass Inc. bought a new stake in shares of Caleres in the fourth quarter valued at about $81,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Caleres in the fourth quarter valued at about $86,000. 98.44% of the stock is currently owned by institutional investors.

Insider Transactions at Caleres

In other Caleres news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $17.77 per share, for a total transaction of $159,930.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $177,700. The trade was a 900.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.10% of the stock is owned by corporate insiders.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. Caleres's dividend payout ratio (DPR) is currently 9.12%.

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.