FY2026 EPS Estimates for Caleres Lowered by Seaport Res Ptn

Key Points

• Seaport Res Ptn has revised its FY2026 EPS estimate for Caleres down to $2.20 from $2.30, while the consensus estimate stands at $3.23 per share.
• Loop Capital has decreased its target price for Caleres shares from $16.00 to $14.00, maintaining a "hold" rating on the stock.
• Caleres reported $0.22 earnings per share for the last quarter, significantly missing analysts' expectations of $0.37 and reflecting a year-over-year revenue decline of 6.8%.

Caleres, Inc. (NYSE:CAL - Free Report) - Seaport Res Ptn lowered their FY2026 EPS estimates for shares of Caleres in a research note issued on Wednesday, August 27th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $2.20 per share for the year, down from their prior estimate of $2.30. The consensus estimate for Caleres' current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for Caleres' FY2027 earnings at $2.78 EPS and FY2028 earnings at $3.16 EPS.

Separately, Loop Capital dropped their target price on shares of Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $14.00.

Caleres Price Performance

Shares of CAL stock opened at $15.51 on Thursday. The company has a market cap of $524.14 million, a price-to-earnings ratio of 6.46 and a beta of 1.14. The firm has a fifty day moving average price of $14.07 and a 200-day moving average price of $15.25. Caleres has a 1 year low of $12.09 and a 1 year high of $43.48.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). Caleres had a net margin of 3.11% and a return on equity of 14.94%. The business had revenue of $614.22 million for the quarter, compared to the consensus estimate of $622.93 million. During the same period in the previous year, the firm earned $0.88 EPS. The company's revenue was down 6.8% on a year-over-year basis.

Institutional Trading of Caleres

Several hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in shares of Caleres during the 2nd quarter valued at about $136,000. Public Sector Pension Investment Board lifted its stake in Caleres by 9.0% in the second quarter. Public Sector Pension Investment Board now owns 116,204 shares of the textile maker's stock worth $1,420,000 after purchasing an additional 9,571 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Caleres by 12.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 29,795 shares of the textile maker's stock worth $364,000 after purchasing an additional 3,385 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Caleres by 299.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,711 shares of the textile maker's stock worth $216,000 after purchasing an additional 13,272 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Caleres by 17.8% in the second quarter. Vident Advisory LLC now owns 32,272 shares of the textile maker's stock worth $394,000 after purchasing an additional 4,868 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

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