FY2026 EPS Estimates for Caleres Reduced by Seaport Res Ptn

Caleres, Inc. (NYSE:CAL) – Seaport Res Ptn dropped their FY2026 earnings per share (EPS) estimates for Caleres in a research report issued to clients and investors on Wednesday, March 12th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $2.95 for the year, down from their previous forecast 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 target price on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, December 6th.

Caleres Stock Down 0.8 %

Caleres stock opened at $16.24 on Monday. The firm has a market cap of $545.97 million, a price-to-earnings ratio of 3.62 and a beta of 1.82. Caleres has a 52 week low of $15.00 and a 52 week high of $44.51. The business’s 50-day moving average price is $17.88 and its 200 day moving average price is $25.85.

Institutional Trading of Caleres

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in Caleres by 254.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,733 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,244 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Caleres in the fourth quarter valued at approximately $59,000. Lee Danner & Bass Inc. purchased a new position in shares of Caleres in the fourth quarter valued at approximately $81,000. Canada Pension Plan Investment Board purchased a new position in shares of Caleres in the fourth quarter valued at approximately $86,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Caleres in the fourth quarter valued at approximately $149,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caleres

In other Caleres news, Director Kyle Gendreau acquired 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Caleres Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 27th. Caleres’s payout ratio is currently 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.