Caleres (NYSE:CAL) Issues Earnings Results, Misses Estimates By $0.08 EPS

Caleres (NYSE:CAL) posted its earnings results on Tuesday. The textile maker reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08), Zacks reports. The firm had revenue of $790.05 million during the quarter, compared to analyst estimates of $768.59 million. Caleres had a net margin of 2.26% and a return on equity of 11.91%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Caleres updated its FY 2025 guidance to 0.550-0.60 EPS.

Caleres Trading Down 12.7%

NYSE CAL opened at $11.78 on Tuesday. Caleres has a 52 week low of $9.54 and a 52 week high of $27.41. The stock has a market cap of $398.64 million, a price-to-earnings ratio of 6.73 and a beta of 0.73. The company has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $13.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CAL. Vanguard Group Inc. lifted its position in Caleres by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,427,235 shares of the textile maker’s stock worth $31,651,000 after buying an additional 28,190 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Caleres by 120.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock worth $13,986,000 after purchasing an additional 586,020 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Caleres by 18.8% during the second quarter. Paradigm Capital Management Inc. NY now owns 877,000 shares of the textile maker’s stock worth $10,717,000 after buying an additional 138,500 shares in the last quarter. Bank of America Corp DE boosted its stake in Caleres by 53.7% in the third quarter. Bank of America Corp DE now owns 465,151 shares of the textile maker’s stock worth $6,066,000 after purchasing an additional 162,583 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Caleres by 73.5% during the third quarter. Millennium Management LLC now owns 407,290 shares of the textile maker’s stock valued at $5,311,000 after purchasing an additional 172,479 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CAL. Zacks Research raised shares of Caleres from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.00.

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.