Telsey Advisory Group Expects Weaker Earnings for Caleres

Caleres, Inc. (NYSE:CAL) – Telsey Advisory Group decreased their Q1 2026 earnings per share estimates for Caleres in a report released on Friday, December 6th. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.04. The consensus estimate for Caleres’ current full-year earnings is $3.50 per share. Telsey Advisory Group also issued estimates for Caleres’ Q2 2026 earnings at $1.02 EPS and Q3 2026 earnings at $1.42 EPS.

Several other analysts have also recently commented on the company. StockNews.com cut Caleres from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital lowered their price objective on Caleres from $30.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday.

Caleres Stock Performance

Shares of CAL opened at $27.18 on Monday. Caleres has a one year low of $26.05 and a one year high of $44.51. The stock has a market capitalization of $956.74 million, a price-to-earnings ratio of 6.05 and a beta of 1.92. The stock has a 50 day moving average price of $31.07 and a 200 day moving average price of $34.16.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, December 5th. The textile maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Caleres had a return on equity of 24.63% and a net margin of 5.84%. The firm had revenue of $740.90 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Hedge Funds Weigh In On Caleres

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new position in shares of Caleres in the 3rd quarter valued at $49,783,000. FMR LLC lifted its stake in shares of Caleres by 30.1% in the 3rd 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 during the last quarter. American Century Companies Inc. lifted its stake in shares of Caleres by 25.6% in the 2nd 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. Landscape Capital Management L.L.C. acquired a new position in shares of Caleres in the 3rd quarter valued at $4,184,000. Finally, Millennium Management LLC lifted its stake in shares of Caleres by 58.8% in the 2nd quarter. Millennium Management LLC now owns 221,082 shares of the textile maker’s stock valued at $7,428,000 after purchasing an additional 81,836 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

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.