Caleres Q3 EPS Forecast Reduced by Telsey Advisory Group

Caleres, Inc. (NYSE:CAL - Free Report) - Analysts at Telsey Advisory Group cut their Q3 2026 earnings per share estimates for shares of Caleres in a research note issued on Friday, May 30th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $1.09 per share for the quarter, down from their previous estimate of $1.28. The consensus estimate for Caleres' current full-year earnings is $3.23 per share.

Separately, Loop Capital dropped their price target on Caleres from $16.00 to $14.00 and set a "hold" rating on the stock in a research report on Friday.

Caleres Price Performance

NYSE CAL traded up $0.17 during trading hours on Monday, reaching $13.35. 1,127,722 shares of the company's stock traded hands, compared to its average volume of 963,423. Caleres has a 52-week low of $13.00 and a 52-week high of $44.51. The firm has a 50-day simple moving average of $15.94 and a 200 day simple moving average of $19.41. The firm has a market cap of $448.72 million, a PE ratio of 2.97 and a beta of 1.11.

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 5.69% and a return on equity of 22.71%. The firm had revenue of $614.22 million for the quarter, compared to analysts' expectations of $622.93 million. During the same period in the prior year, the business posted $0.88 EPS. The business's quarterly revenue was down 6.8% compared to the same quarter last year.

Institutional Investors Weigh In On Caleres

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Caleres by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,448 shares of the textile maker's stock valued at $450,000 after acquiring an additional 643 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Caleres by 3.3% in the first quarter. SummerHaven Investment Management LLC now owns 24,569 shares of the textile maker's stock worth $423,000 after purchasing an additional 785 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Caleres by 244.0% during 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 in the last quarter. MetLife Investment Management LLC boosted its position in shares of Caleres by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 20,870 shares of the textile maker's stock valued at $483,000 after buying an additional 1,177 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Caleres by 254.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker's stock worth $40,000 after buying an additional 1,244 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Insider Buying and Selling

In other news, Director Lori Greeley bought 9,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was acquired 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 owns 10,000 shares of the company's stock, valued at approximately $177,700. This represents a 900.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is currently owned by company insiders.

Caleres Announces Dividend

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

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.