Caleres FY2026 EPS Estimate Decreased by Seaport Res Ptn

Caleres, Inc. (NYSE:CAL) – Equities researchers at Seaport Res Ptn dropped their FY2026 earnings per share estimates for Caleres in a research report issued to clients and investors on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will earn $2.95 per share for the year, down from their prior estimate of $3.68. The consensus estimate for Caleres’ current full-year earnings is $3.23 per share. Seaport Res Ptn also issued estimates for Caleres’ FY2027 earnings at $3.57 EPS.

Separately, Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

Caleres Trading Up 6.0 %

Shares of NYSE:CAL opened at $16.39 on Monday. The company has a market cap of $551.31 million, a price-to-earnings ratio of 3.65 and a beta of 1.82. Caleres has a 12 month low of $15.00 and a 12 month high of $44.51. The company has a 50-day moving average price of $18.00 and a 200 day moving average price of $26.03.

Caleres Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s payout ratio is 6.24%.

Insider Activity

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of Caleres stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $99,650. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Caleres

A number of large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Caleres by 23.6% in the third quarter. Victory Capital Management Inc. now owns 76,577 shares of the textile maker’s stock worth $2,531,000 after purchasing an additional 14,618 shares during the last quarter. Quest Partners LLC grew its stake in Caleres by 6.6% during the 3rd quarter. Quest Partners LLC now owns 14,028 shares of the textile maker’s stock worth $464,000 after buying an additional 869 shares during the last quarter. Intech Investment Management LLC purchased a new position in Caleres during the 3rd quarter worth $472,000. Landscape Capital Management L.L.C. acquired a new position in Caleres during the 3rd quarter valued at about $4,184,000. Finally, Pacer Advisors Inc. purchased a new stake in Caleres in the third quarter valued at about $49,783,000. 98.44% of the stock is currently owned by institutional investors.

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.