Caleres (NYSE:CAL) Downgraded by Zacks Research to Hold

Caleres (NYSE:CAL) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Weiss Ratings upgraded Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Seaport Research Partners upped their price objective on Caleres from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. KeyCorp reissued a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. Finally, Wall Street Zen raised shares of Caleres from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Caleres Stock Performance

NYSE:CAL opened at $11.72 on Wednesday. The company has a market cap of $393.67 million, a PE ratio of -1,170.83 and a beta of 0.75. Caleres has a 52-week low of $8.80 and a 52-week high of $16.14. The stock has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $12.51.

Caleres (NYSE:CAL) last released its earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The firm had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. During the same quarter in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. On average, research analysts predict that Caleres will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of Caleres stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $168,105.00. Following the completion of the sale, the insider owned 64,780 shares in the company, valued at $971,700. The trade was a 14.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,879 shares during the period. Global Retirement Partners LLC acquired a new position in Caleres in the 4th quarter valued at $25,000. Quadrant Capital Group LLC raised its holdings in Caleres by 1,032.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 2,199 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Caleres by 181.7% during the 1st quarter. Royal Bank of Canada now owns 12,047 shares of the textile maker’s stock valued at $127,000 after acquiring an additional 7,771 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of Caleres during the 2nd quarter valued at $136,000. 98.44% of the stock is owned by institutional investors.

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.