Caleres (NYSE:CAL) Raised to “Buy” at Wall Street Zen

Caleres (NYSE:CAL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently issued reports on CAL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a report on Friday, July 31st. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Caleres in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Caleres Price Performance

Caleres stock opened at $12.51 on Friday. The stock has a market capitalization of $431.72 million, a PE ratio of 8.34 and a beta of 0.75. Caleres has a twelve month low of $8.80 and a twelve month high of $15.87. The company has a 50 day moving average of $12.71 and a 200-day moving average of $12.43.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $695.45 million during the quarter, compared to the consensus estimate of $702.49 million. Caleres had a net margin of 1.85% and a return on equity of 7.84%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. 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 analysts anticipate that Caleres will post 1.62 EPS for the current fiscal year.

Institutional Trading of Caleres

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 262,576 shares during the last quarter. Landscape Capital Management L.L.C. increased its holdings in shares of Caleres by 54.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 446,756 shares of the textile maker’s stock valued at $5,437,000 after purchasing an additional 157,625 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Caleres by 18.4% in the fourth quarter. Invenomic Capital Management LP now owns 1,031,874 shares of the textile maker’s stock valued at $12,558,000 after purchasing an additional 160,274 shares during the period. BlackRock Inc. bought a new position in shares of Caleres in the second quarter valued at about $48,870,000. Finally, Man Group plc acquired a new stake in shares of Caleres during the 2nd quarter worth about $4,162,000. Institutional investors own 98.44% of the company’s stock.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.