Q3 Earnings Forecast for Caleres Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn has reduced its Q3 2026 earnings per share estimate for Caleres, Inc. to $1.23, down from a previous forecast of $1.32.
• Loop Capital has also lowered its target price for Caleres shares from $16.00 to $14.00 and maintained a "hold" rating.
• Caleres recently announced a quarterly dividend of $0.07, yielding 1.8%, with a payout ratio of 11.67%.

Caleres, Inc. (NYSE:CAL - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q3 2026 earnings estimates for shares of Caleres in a research note issued on Wednesday, August 27th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings of $1.23 per share for the quarter, down from their previous estimate of $1.32. The consensus estimate for Caleres' current full-year earnings is $3.23 per share.

Separately, Loop Capital cut 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Caleres has an average rating of "Hold" and an average price target of $14.00.

Caleres Trading Down 2.5%

NYSE CAL traded down $0.39 on Friday, hitting $14.98. 848,054 shares of the company's stock traded hands, compared to its average volume of 633,093. Caleres has a 1-year low of $12.09 and a 1-year high of $43.34. The firm's 50-day moving average price is $14.17 and its two-hundred day moving average price is $15.19. The firm has a market capitalization of $506.46 million, a PE ratio of 6.24 and a beta of 1.07.

Caleres (NYSE:CAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The textile maker reported $0.22 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $622.93 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The business's revenue was down 6.8% on a year-over-year basis.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 12th. Caleres's payout ratio is presently 11.67%.

Institutional Investors Weigh In On Caleres

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAL. Nokomis Capital L.L.C. purchased a new stake in Caleres in the 4th quarter worth $18,336,000. Invenomic Capital Management LP purchased a new stake in Caleres in the 1st quarter worth $11,596,000. Wellington Management Group LLP purchased a new stake in shares of Caleres during the first quarter worth $6,642,000. Voloridge Investment Management LLC purchased a new stake in shares of Caleres during the fourth quarter worth $8,259,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Caleres during the second quarter worth $3,908,000. Hedge funds and other institutional investors own 98.44% of the company's stock.

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.