Caleres (NYSE:CAL) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Caleres shares moved above their 200-day moving average, reaching $13.61 before closing at $12.92, compared with the $12.71 long-term average.
• The company exceeded quarterly earnings expectations, reporting $0.47 EPS versus the $0.37 consensus, while revenue rose 5.6% year over year to $695.45 million but came in below estimates.
• Analyst sentiment remains cautious, with a consensus “Hold” rating, although institutional ownership is high at 98.44% and Caleres pays a quarterly dividend of $0.07 per share, yielding about 2.2%.

Shares of Caleres, Inc. (NYSE:CAL - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.71 and traded as high as $13.61. Caleres shares last traded at $12.92, with a volume of 405,082 shares.

Wall Street Analysts Forecast Growth

CAL has been the topic of several analyst reports. Wall Street Zen upgraded shares of Caleres from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Weiss Ratings raised shares of Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Finally, Zacks Research lowered shares of Caleres from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Caleres has a consensus rating of "Hold".

Caleres Stock Performance

The company has a market cap of $445.87 million, a P/E ratio of 8.61 and a beta of 0.73. The firm has a 50 day moving average price of $12.63 and a 200-day moving average price of $12.71.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The business had revenue of $695.45 million for the quarter, compared to analyst estimates of $702.49 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. On average, sell-side analysts forecast that Caleres, Inc. will post 1.61 EPS for the current fiscal year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 11th. Caleres's dividend payout ratio (DPR) is 18.67%.

Hedge Funds Weigh In On Caleres

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Caleres in the second quarter worth $48,870,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Caleres during the 2nd quarter worth $8,246,000. Man Group plc bought a new stake in shares of Caleres during the 2nd quarter worth $4,162,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Caleres in the 2nd quarter valued at $3,891,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Caleres by 21.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker's stock valued at $15,543,000 after buying an additional 262,576 shares during the last quarter. Institutional investors own 98.44% of the company's stock.

Caleres Company Profile

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products through a portfolio of owned and licensed brands. The company serves consumers through department stores, specialty retailers, wholesale partners, company-operated stores and e-commerce platforms.

Its brand portfolio includes Famous Footwear, a large family footwear retailer, as well as brands such as Sam Edelman, Naturalizer, Allen Edmonds, Vince Camuto, LifeStride, Franco Sarto, Ryka, Bzees and Circus NY.

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