Caleres (NYSE:CAL) Upgraded by Wall Street Zen to “Buy” Rating

Caleres (NYSE:CAL) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

CAL has been the subject of several other reports. KeyCorp reiterated a “sector weight” rating on shares of Caleres in a research report on Friday. Zacks Research upgraded Caleres from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Seaport Research Partners boosted their price objective on Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings upgraded Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Caleres has an average rating of “Hold”.

Caleres Stock Down 13.3%

Shares of CAL stock opened at $12.32 on Friday. The business has a 50 day moving average of $12.65 and a two-hundred day moving average of $12.34. Caleres has a 52 week low of $8.80 and a 52 week high of $16.14. The company has a market cap of $415.69 million, a P/E ratio of -1,230.77 and a beta of 0.74.

Caleres (NYSE:CAL) last issued its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $666.60 million during the quarter, compared to the consensus estimate of $662.64 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. Analysts expect that Caleres will post 1.57 EPS for the current fiscal year.

Insider Activity

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total value of $168,105.00. Following the transaction, the insider owned 64,780 shares of the company’s stock, valued at approximately $971,700. This represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CAL. Vanguard Group Inc. raised its stake in Caleres by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,427,235 shares of the textile maker’s stock valued at $31,651,000 after purchasing an additional 28,190 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Caleres by 56,997.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,836,841 shares of the textile maker’s stock valued at $22,354,000 after acquiring an additional 1,833,624 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 acquiring an additional 262,576 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Caleres by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 1,289,460 shares of the textile maker’s stock valued at $16,815,000 after acquiring an additional 18,986 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Caleres by 18.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,092,075 shares of the textile maker’s stock valued at $13,291,000 after acquiring an additional 169,760 shares in the last quarter. Institutional investors own 98.44% of the company’s stock.

Caleres Company Profile

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.