FY2026 EPS Estimates for Caleres Cut by Seaport Res Ptn

Caleres, Inc. (NYSE:CAL - Free Report) - Equities research analysts at Seaport Res Ptn lowered their FY2026 earnings estimates for Caleres in a report issued 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 estimate 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 released its quarterly earnings results on Thursday, May 29th. The textile maker reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.15). The business had revenue of $614.22 million for the quarter, compared to analyst estimates of $622.93 million. Caleres had a net margin of 5.69% and a return on equity of 22.71%. The company's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share.

Separately, Loop Capital decreased their price objective on shares of Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a report on Friday.

Caleres Price Performance

Shares of NYSE:CAL traded up $0.17 during midday trading on Monday, reaching $13.35. The company's stock had a trading volume of 1,127,722 shares, compared to its average volume of 963,423. The business's fifty day simple moving average is $15.94 and its 200-day simple moving average is $19.41. Caleres has a fifty-two week low of $13.00 and a fifty-two week high of $44.51. The company has a market capitalization of $448.72 million, a P/E ratio of 2.97 and a beta of 1.11.

Hedge Funds Weigh In On Caleres

Several large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Caleres during the 1st quarter worth $250,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Caleres by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker's stock worth $1,812,000 after purchasing an additional 4,175 shares during the period. Empowered Funds LLC increased its holdings in Caleres by 4.2% in the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker's stock valued at $2,805,000 after purchasing an additional 6,502 shares during the last quarter. Invenomic Capital Management LP acquired a new position in Caleres in the first quarter valued at about $11,596,000. Finally, AQR Capital Management LLC lifted its stake in Caleres by 143.2% in the first quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker's stock valued at $1,560,000 after buying an additional 53,320 shares during the period. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caleres news, Director Lori Greeley bought 9,000 shares of Caleres stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $17.77 per share, with a total value of $159,930.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at $177,700. This trade represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.10% of the company's stock.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 5th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, June 5th. Caleres's dividend payout ratio (DPR) is presently 11.67%.

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.