Telsey Advisory Group Reduces Earnings Estimates for Caleres

Caleres, Inc. (NYSE:CAL) – Equities research analysts at Telsey Advisory Group dropped their FY2025 earnings per share (EPS) estimates for Caleres in a research note issued on Tuesday, January 14th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will earn $3.27 per share for the year, down from their previous estimate of $3.50. The consensus estimate for Caleres’ current full-year earnings is $3.50 per share. Telsey Advisory Group also issued estimates for Caleres’ Q3 2026 earnings at $1.39 EPS and FY2026 earnings at $3.79 EPS.

Caleres (NYSE:CAL) last released its earnings results on Thursday, December 5th. The textile maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). The business had revenue of $740.90 million for the quarter, compared to the consensus estimate of $751.35 million. Caleres had a return on equity of 22.71% and a net margin of 5.69%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share.

CAL has been the subject of a number of other research reports. StockNews.com lowered Caleres from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Loop Capital decreased their target price on Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, December 6th.

Caleres Price Performance

Caleres stock opened at $20.52 on Wednesday. The stock has a market cap of $690.07 million, a price-to-earnings ratio of 4.57 and a beta of 1.96. The firm has a 50-day moving average of $26.47 and a two-hundred day moving average of $31.92. Caleres has a 1 year low of $19.90 and a 1 year high of $44.51.

Hedge Funds Weigh In On Caleres

Several institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Caleres by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,835,057 shares of the textile maker’s stock valued at $60,648,000 after acquiring an additional 56,346 shares in the last quarter. State Street Corp lifted its stake in shares of Caleres by 3.1% during the 3rd quarter. State Street Corp now owns 1,519,912 shares of the textile maker’s stock worth $50,233,000 after purchasing an additional 46,230 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Caleres during the 3rd quarter worth $49,783,000. FMR LLC boosted its position in Caleres by 30.1% during the third quarter. FMR LLC now owns 929,968 shares of the textile maker’s stock valued at $30,735,000 after purchasing an additional 215,372 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Caleres by 25.6% in the second quarter. American Century Companies Inc. now owns 901,852 shares of the textile maker’s stock valued at $30,302,000 after purchasing an additional 183,594 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. Caleres’s dividend payout ratio is presently 6.24%.

About Caleres

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.