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

Key Points

• Caleres, Inc. has seen its Q3 2026 earnings per share (EPS) estimates revised down from $1.09 to $1.02 by Telsey Advisory Group, while the full-year EPS is forecasted at $3.23.
• Loop Capital has adjusted its price target for Caleres from $16.00 to $14.00, maintaining a "hold" rating, despite the stock's current trading around $14.98.
• The company recently announced a quarterly dividend of $0.07 per share, reflecting a 1.9% annual yield, payable on September 26th.

Caleres, Inc. (NYSE:CAL - Free Report) - Telsey Advisory Group reduced their Q3 2026 earnings per share estimates for Caleres in a note issued to investors on Friday, August 29th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will post earnings per share of $1.02 for the quarter, down from their prior estimate of $1.09. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Telsey Advisory Group also issued estimates for Caleres' Q4 2026 earnings at $0.28 EPS, FY2026 earnings at $2.00 EPS, Q1 2027 earnings at $0.51 EPS, Q2 2027 earnings at $0.66 EPS, Q3 2027 earnings at $1.14 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $2.65 EPS.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.16). Caleres had a net margin of 3.11% and a return on equity of 14.94%. The company had revenue of $658.52 million for the quarter, compared to the consensus estimate of $656.93 million. During the same period last year, the business posted $0.98 earnings per share. The firm's quarterly revenue was down 3.6% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on CAL. Loop Capital reduced their price objective on Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Zacks Research downgraded shares of Caleres from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Caleres presently has a consensus rating of "Reduce" and an average target price of $14.00.

Caleres Trading Down 6.0%

Shares of NYSE:CAL traded down $0.90 on Monday, reaching $14.05. 1,048,618 shares of the company traded hands, compared to its average volume of 900,321. The business's 50-day simple moving average is $14.31 and its 200 day simple moving average is $15.17. Caleres has a 52 week low of $12.09 and a 52 week high of $40.71. The stock has a market capitalization of $474.89 million, a P/E ratio of 5.84 and a beta of 1.08.

Caleres Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. Caleres's payout ratio is presently 11.67%.

Institutional Investors Weigh In On Caleres

A number of large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Caleres by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker's stock valued at $450,000 after purchasing an additional 643 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Caleres by 5.9% during the 2nd 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 in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Caleres by 3.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 24,569 shares of the textile maker's stock valued at $423,000 after purchasing an additional 785 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Caleres by 15.3% during the 2nd 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 in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker's stock valued at $231,000 after purchasing an additional 1,007 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Caleres Company Profile

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.