Seaport Res Ptn Has Negative View of Caleres FY2026 Earnings

Caleres, Inc. (NYSE:CAL - Free Report) - Stock analysts at Seaport Res Ptn cut their FY2026 earnings per share (EPS) estimates for Caleres in a research report issued to clients and investors on Thursday, May 29th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $2.30 for the year, down from their previous forecast of $2.60. 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 $2.88 EPS and FY2028 earnings at $3.26 EPS.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.15). Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm had revenue of $614.22 million during the quarter, compared to analysts' expectations of $622.93 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company's revenue for the quarter was down 6.8% compared to the same quarter last year.

Separately, Loop Capital reduced their price objective on Caleres from $16.00 to $14.00 and set a "hold" rating for the company in a research note on Friday, May 30th.

Caleres Stock Down 1.5%

Shares of NYSE:CAL traded down $0.21 during trading on Monday, hitting $13.14. The stock had a trading volume of 1,824,825 shares, compared to its average volume of 804,957. Caleres has a 12-month low of $13.00 and a 12-month high of $44.51. The stock has a market capitalization of $441.49 million, a price-to-earnings ratio of 2.93 and a beta of 1.08. The stock has a 50-day simple moving average of $15.68 and a two-hundred day simple moving average of $19.21.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 5th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, June 5th. Caleres's dividend payout ratio (DPR) is 11.67%.

Insider Buying and Selling

In related news, Director Lori Greeley bought 9,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $17.77 per share, with a total value of $159,930.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $177,700. The trade was a 900.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Caleres

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Caleres by 3.4% in the fourth 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 during the period. SummerHaven Investment Management LLC grew its holdings in Caleres by 3.3% in the first 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 during the period. Versant Capital Management Inc grew its holdings in Caleres by 244.0% in the first quarter. Versant Capital Management Inc now owns 1,455 shares of the textile maker's stock valued at $25,000 after purchasing an additional 1,032 shares during the period. MetLife Investment Management LLC grew its holdings in Caleres by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 20,870 shares of the textile maker's stock valued at $483,000 after purchasing an additional 1,177 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,244 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

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.