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

Key Points

• Caleres shares moved above their 200-day moving average, reaching $13.34 before last trading at $12.92, compared with a 200-day average of $12.40.
• Analyst sentiment remains cautious: two analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating.
• The company slightly beat quarterly earnings expectations, reporting $0.38 EPS and $666.6 million in revenue, while maintaining a quarterly dividend of $0.07 per share, equivalent to a 2.2% yield.

Caleres, Inc. (NYSE:CAL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.40 and traded as high as $13.34. Caleres shares last traded at $12.92, with a volume of 496,938 shares.

Analyst Upgrades and Downgrades

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

Caleres Stock Down 2.7%

The business's fifty day moving average is $12.85 and its 200-day moving average is $12.40. The stock has a market capitalization of $433.98 million, a PE ratio of -1,290.71 and a beta of 0.76.

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

Caleres Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 11th were issued a $0.07 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.2%. Caleres's dividend payout ratio (DPR) is presently -2,800.00%.

Insider Transactions at Caleres

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the business's stock in a transaction dated 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 sale, the insider owned 64,780 shares of the company's stock, valued at approximately $971,700. The trade was a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Caleres

Several hedge funds and other institutional investors have recently modified their holdings of CAL. Osaic Holdings Inc. grew its holdings in shares of Caleres by 1,662.8% during the 2nd 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 period. Global Retirement Partners LLC purchased a new position in Caleres in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its holdings in Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock valued at $29,000 after buying an additional 2,199 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Caleres during the second quarter valued at approximately $37,000. Finally, Legal & General Group Plc purchased a new stake in Caleres during the second quarter worth approximately $43,000. 98.44% of the stock is owned by institutional investors and hedge funds.

About Caleres

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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