Caleres (NYSE:CAL) Stock Passes Above 200-Day Moving Average - Should You Sell?

Caleres, Inc. (NYSE:CAL - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.38 and traded as high as $14.54. Caleres shares last traded at $14.49, with a volume of 431,728 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAL shares. KeyCorp reiterated a "sector weight" rating on shares of Caleres in a research note on Friday, June 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Caleres in a report on Friday, July 31st. Wall Street Zen upgraded shares of Caleres from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Finally, Zacks Research cut shares of Caleres from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

Caleres Stock Performance

The firm has a market capitalization of $486.72 million, a PE ratio of -1,447.55 and a beta of 0.76. The business's fifty day simple moving average is $12.87 and its 200-day simple moving average is $12.38.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $666.60 million during the quarter, compared to analyst estimates of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. Caleres's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. Sell-side analysts expect that Caleres, Inc. will post 1.63 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 11th. Caleres's payout ratio is -2,800.00%.

Insider Buying and Selling

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $168,105.00. Following the completion of the transaction, the insider owned 64,780 shares in the company, valued at $971,700. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Caleres

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Caleres by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker's stock valued at $151,000 after purchasing an additional 693 shares during the period. Barclays PLC lifted its holdings in shares of Caleres by 1.0% during the fourth quarter. Barclays PLC now owns 90,762 shares of the textile maker's stock valued at $1,105,000 after acquiring an additional 926 shares during the period. Franklin Resources Inc. grew its stake in Caleres by 5.6% during the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker's stock worth $231,000 after buying an additional 1,007 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Caleres by 1,662.8% during the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Caleres by 5.8% during the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker's stock worth $427,000 after purchasing an additional 1,926 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Caleres Company Profile

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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