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Caleres
(NYSE:CAL)
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Rating:60Neutral
Price Target:
$12.50
▼(-4.51% Downside)
Action:Reiterated
Date:09/12/26
Overall score reflects a supportive valuation and a constructive earnings-call outlook (margin improvement and guidance), balanced against only middling underlying financial performance (compressed operating profitability and weak cash conversion) and bearish technicals (below key moving averages with negative MACD).
Positive Factors
Brand Portfolio Growth
Broad-based growth across brands, channels, and geographies indicates that Caleres is not relying on a single product or distribution route. Continued gains in wholesale, direct-to-consumer, and international markets can strengthen scale, brand relevance, and revenue durability over the next several quarters.
Negative Factors
Famous Footwear Decline
Famous Footwear remains a material drag on consolidated performance, with declines across stores and ecommerce and a negative full-year outlook. Continued weakness in this channel could offset Brand Portfolio gains, reduce operating leverage, and require further assortment and inventory changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand Portfolio Growth
Broad-based growth across brands, channels, and geographies indicates that Caleres is not relying on a single product or distribution route. Continued gains in wholesale, direct-to-consumer, and international markets can strengthen scale, brand relevance, and revenue durability over the next several quarters.
Read all positive factors
Caleres Key Performance Indicators (KPIs)
Any
Gross Profit By Segment
Highlights the profitability of each business segment, showing which areas are driving earnings and where there may be challenges in cost management or pricing power.
Highlights the profitability of each business segment, showing which areas are driving earnings and where there may be challenges in cost management or pricing power.
Data provided by:
The Fly
The FlyCaleres (CAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$420.96M
Dividend Yield2.3%
Average Volume (3M)544.79K
Price to Earnings (P/E)7.6
Beta (1Y)1.53
Revenue Growth7.32%
EPS Growth-13.12%
CountryUS
Employees10,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)1.61
Shares Outstanding34,504,980
10 Day Avg. Volume427,506
30 Day Avg. Volume544,793
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)0.66
Price to Sales (P/S)0.14
P/FCF Ratio12.28
Enterprise Value/Market Cap2.98
Enterprise Value/Revenue0.44
Enterprise Value/Gross Profit0.95
Enterprise Value/Ebitda10.48
Forecast
1Y Price Target
$16.00Price Target Upside22.23% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)1.61
Revenue Forecast (FY)$2.86B
Caleres Business Overview & Revenue Model
Company Description
Caleres, Inc. is a long-standing company primarily involved in the design, sourcing, retail, and wholesale distribution of various footwear products. Its operations span the United States, Canada, China, and Guam, organized into two main divisions...
How the Company Makes Money
Caleres primarily makes money by selling footwear (and some related accessories) through two main channels: (1) Brand/wholesale and (2) Direct-to-consumer retail. In its brand/wholesale activity, Caleres generates revenue by designing and sourcing...
Caleres Earnings Call Summary
Earnings Call Date:Sep 09, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 24, 2026
Earnings Call Sentiment Positive
The call was predominantly positive. Caleres reported better-than-expected adjusted second-quarter results, broad-based Brand Portfolio growth, significant margin expansion, market-share gains, strong international performance, and progress at Stuart Weitzman. These strengths outweighed the clearly stated challenges at Famous Footwear, including a 6.3% sales decline, lifestyle athletic weakness, promotional pressure, lower Vionic sales, higher SG&A, and tariff uncertainty. Management also raised the lower end of full-year adjusted EPS guidance while maintaining the high end.Positive Updates
Second-Quarter Results Exceeded Expectations
Caleres reported second-quarter adjusted results above expectations. Sales were $695 million, up 5.6% from last year, and adjusted earnings per diluted share were $0.47 compared with $0.35 last year.
Negative Updates
Famous Footwear Sales Declined
Famous Footwear sales declined 6.3% and comparable sales declined 5.9% in the second quarter. Both ecommerce and stores were down versus last year, although ecommerce outperformed stores.
Read all updates
Q2-2026 Updates
Positive
Negative
Second-Quarter Results Exceeded Expectations
Caleres reported second-quarter adjusted results above expectations. Sales were $695 million, up 5.6% from last year, and adjusted earnings per diluted share were $0.47 compared with $0.35 last year.
Read all positive updates
Company Guidance
For the third quarter, Caleres expects consolidated sales to increase in the low single digits compared to last year, Brand Portfolio sales up in the mid to high single digit percent range, Famous sales and comparable sales down in the low single digits, consolidated gross margin to improve 150 to 200 basis points compared to last year, SG&A deleverage of 100 to 150 basis points compared to last year, a tax rate of 23% to 25%, and GAAP earnings per diluted share of $0.62 to $0.70. For the full-year 2026, it expects consolidated sales up in the low- to mid-single digits, Brand Portfolio sales up in the low double digits and up in the mid-single digits organically, Famous Footwear sales and comparable sales down in the low- to mid-single digits, consolidated gross margin up 180 to 220 basis points, SG&A rate flat to slightly deleverage, interest expense of approximately $16 million to $17 million, a full year tax rate of 24% to 26%, GAAP earnings per diluted share of $2.80 to $2.95, adjusted earnings per diluted share of $1.50 to $1.65, CapEx of approximately $50 million to $55 million, 13 stores opened and 26 closed, and Stuart Weitzman achieving breakeven operating earnings in 2026.Caleres Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.85B | 2.76B | 2.72B | 2.82B | 2.97B | 2.78B |
| Gross Profit | 1.32B | 1.18B | 1.22B | 1.26B | 1.28B | 1.23B |
| EBITDA | 119.87M | 70.82M | 205.54M | 253.94M | 276.31M | 257.08M |
| Net Income | 52.47M | -7.05M | 107.25M | 163.87M | 181.74M | 137.02M |
Balance Sheet | ||||||
| Total Assets | 2.14B | 1.97B | 1.89B | 1.80B | 1.84B | 1.84B |
| Cash, Cash Equivalents and Short-Term Investments | 50.92M | 29.77M | 29.64M | 21.36M | 33.70M | 30.11M |
| Total Debt | 877.31M | 891.13M | 826.55M | 747.86M | 887.63M | 871.40M |
| Total Liabilities | 1.45B | 1.36B | 1.29B | 1.24B | 1.41B | 1.52B |
| Stockholders Equity | 673.56M | 601.85M | 599.02M | 560.63M | 420.68M | 318.57M |
Cash Flow | ||||||
| Free Cash Flow | 61.85M | 32.37M | 55.41M | 150.53M | 61.84M | 144.30M |
| Operating Cash Flow | 117.31M | 100.26M | 104.56M | 200.15M | 125.88M | 168.44M |
| Investing Cash Flow | -143.47M | -158.83M | -51.69M | -49.62M | -64.04M | -24.14M |
| Financing Cash Flow | -114.33M | 58.65M | -44.51M | -162.99M | -58.15M | -202.38M |
Caleres Technical Analysis
Negative
13.09
Price Trends
12.75
Negative
12.77
Negative
12.38
Negative
Market Momentum
-0.06
Negative
46.83
Neutral
44.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAL, the sentiment is Negative. The current price of 13.09 is above the 20-day moving average (MA) of 12.29, above the 50-day MA of 12.75, and above the 200-day MA of 12.38, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 44.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CAL.
Caleres Risk Analysis
Caleres disclosed 33 risk factors in its most recent earnings report. Caleres reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Caleres Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.27B | 10.06 | 46.91% | 9.99% | 6.22% | 8.74% | |
67 Neutral | $3.63B | 15.05 | 18.78% | 2.98% | 17.65% | 24.64% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $420.96M | 7.58 | 8.38% | 2.30% | 7.32% | -13.12% | |
58 Neutral | $391.04M | 8.95 | 7.60% | ― | 3.00% | ― | |
58 Neutral | $359.37M | 9.72 | 5.49% | 4.99% | -4.13% | -61.14% | |
50 Neutral | $226.89M | 18.50 | 4.21% | ― | 3.61% | 7189.81% |
* Consumer Cyclical Sector Average
CAL
Caleres
12.20
-0.46
-3.62%
BKE
Buckle
44.06
-5.31
-10.76%
GCO
Genesco
36.14
7.47
26.06%
BOOT
Boot Barn
119.97
-60.09
-33.37%
SHOE
Shoe Station Group
13.22
-5.77
-30.38%
ZUMZ
Zumiez
14.80
-6.11
-29.22%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.