Caleres (NYSE:CAL) Stock Rating Upgraded by Wall Street Zen

Caleres (NYSE:CAL) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Caleres presently has a consensus rating of “Hold”.

Caleres Stock Up 0.7%

Shares of CAL opened at $13.58 on Friday. The stock’s 50-day moving average price is $12.56 and its 200 day moving average price is $12.50. The firm has a market capitalization of $468.65 million, a price-to-earnings ratio of 8.88 and a beta of 0.73. Caleres has a 12-month low of $8.80 and a 12-month high of $15.04.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10. Caleres had a net margin of 1.85% and a return on equity of 7.84%. The firm had revenue of $695.45 million for the quarter, compared to analysts’ expectations of $702.49 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. Equities research analysts expect that Caleres will post 1.61 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Caleres during the 2nd quarter valued at about $48,870,000. Arrowstreet Capital Limited Partnership boosted its position in Caleres by 21.7% during 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 period. Paradigm Capital Management Inc. NY purchased a new stake in Caleres during the 2nd quarter valued at $8,246,000. Man Group plc purchased a new stake in Caleres during the 2nd quarter valued at $4,162,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Caleres in the 2nd quarter worth $3,891,000. 98.44% of the stock is owned by institutional investors.

About Caleres

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl’s.

The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.

Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.