Caleres (NYSE:CAL) Issues FY 2026 Earnings Guidance

Key Points

• Caleres issued FY 2026 EPS guidance of $1.50–$1.65, above the consensus estimate of $0.72, and provided Q3 2026 EPS guidance of $0.62–$0.70.
• Shares fell 3.0% to $12.06, while the company declared a quarterly dividend of $0.07, equivalent to $0.28 annually and a 2.3% yield.
• Analyst sentiment remains cautious: Caleres has a consensus rating of “Reduce”, with two Hold ratings and one Sell rating.

Caleres (NYSE:CAL - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.500-1.650 for the period, compared to the consensus EPS estimate of 0.720. The company issued revenue guidance of -. Caleres also updated its Q3 2026 guidance to 0.620-0.700 EPS.

Caleres Stock Down 3.0%

NYSE CAL opened at $12.06 on Wednesday. The firm has a market cap of $405.10 million, a price-to-earnings ratio of -1,204.80 and a beta of 0.75. The business has a 50-day moving average price of $12.70 and a 200-day moving average price of $12.44. Caleres has a twelve month low of $8.80 and a twelve month high of $16.14.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. Caleres's payout ratio is currently -2,800.00%.

Analysts Set New Price Targets

CAL has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of Caleres in a research note on Friday, July 31st. Zacks Research cut shares of Caleres from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. KeyCorp reissued a "sector weight" rating on shares of Caleres in a report on Friday, June 5th. Finally, Wall Street Zen lowered shares of Caleres from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce".

Institutional Investors Weigh In On Caleres

Several large investors have recently bought and sold shares of CAL. Corient Private Wealth LLC bought a new position in Caleres during the fourth quarter valued at $249,000. Empowered Funds LLC grew its stake in shares of Caleres by 10.9% in the 4th quarter. Empowered Funds LLC now owns 156,776 shares of the textile maker's stock worth $1,908,000 after buying an additional 15,371 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Caleres in the 4th quarter worth about $1,954,000. Millennium Management LLC increased its holdings in shares of Caleres by 9.0% in the 4th quarter. Millennium Management LLC now owns 443,872 shares of the textile maker's stock worth $5,402,000 after buying an additional 36,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Caleres during the 4th quarter valued at about $2,941,000. Institutional investors own 98.44% of the company's stock.

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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