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Caleres Inc (CAL)
NYSE:CAL
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Caleres
(NYSE:CAL)
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Rating:67Neutral
Price Target:
$14.50
▲(5.61% Upside)
Caleres' stock score is primarily influenced by its strong technical indicators and favorable valuation, despite financial challenges. The company's low P/E ratio and dividend yield suggest potential undervaluation. However, financial performance issues, particularly in cash flow, and mixed earnings call results temper the overall outlook.
Positive Factors
E-commerce Growth
The robust growth in e-commerce indicates a successful digital strategy, which is crucial for long-term competitiveness and market reach.
Brand Portfolio Expansion
Adding Stuart Weitzman enhances the brand portfolio, potentially increasing market share and diversifying revenue streams in the long term.
International Business Growth
Strong international growth in premium brands suggests successful global expansion efforts, enhancing revenue potential and market diversity.
Negative Factors
Gross Margin Pressure
Persistent gross margin pressure from tariffs and customer mix challenges profitability, affecting long-term financial health.
Cash Flow Issues
Severe cash flow issues limit financial flexibility and could hinder the company's ability to invest in growth opportunities.
Famous Footwear Sales Decline
Declining sales in Famous Footwear indicate challenges in a key revenue segment, potentially impacting overall revenue stability.
Caleres (CAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$465.39M
Dividend Yield2.11%
Average Volume (3M)1.29M
Price to Earnings (P/E)22.2
Beta (1Y)1.13
Revenue Growth-2.83%
EPS Growth-86.19%
CountryUS
Employees4,800
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.38
Shares Outstanding33,895,560
10 Day Avg. Volume1,029,522
30 Day Avg. Volume1,290,849
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.02
Price to Sales (P/S)0.22
P/FCF Ratio11.05
Enterprise Value/Market Cap2.61
Enterprise Value/Revenue0.46
Enterprise Value/Gross Profit1.04
Enterprise Value/Ebitda9.42
Forecast
1Y Price Target
$18.00Price Target Upside31.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Caleres Business Overview & Revenue Model
Company DescriptionCaleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products to women, men, and children. Its retail shoe stores provide brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Converse, Crocs, Puma, Birkenstock, New Balance, Asics, New Balance, Under Armour, Bearpaw, Timberland, Sperry, and Dr. Martens, as well as company-owned and licensed brands, such as Dr. Scholl's Shoes, Blowfish Malibu, LifeStride, Naturalizer, Zodiac, Circus by Sam Edelman, Franco Sarto, and Ryka. The company also operates naturalizer.com, naturalizer.ca, vionicshoes.com, samedelman.com, allenedmonds.com, drschollsshoes.com, lifestride.com, francosarto.com, ryka.com, bzees.com, and zodiacshoes.com, as well as Vince.com, blowfishshoes.com, and veronicabeard.com websites. In addition, it designs, sources, manufactures, and markets footwear to retail stores, such as national chains, online retailers, department stores, mass merchandisers, independent retailers, and catalogs. Further, the company wholesales men's apparel, leather goods, and accessories under the Allen Edmonds brand; footwear for women under LifeStride brand; Italian footwear Franco Sarto brand; athletic footwear for women under the Rykä brand; women's shoe collection under the Vince brand; and women's footwear under the Bzees brand; other footwear under Zodiac brand; and women's footwear collection under Veronica Beard brand, as well as Via Spiga brand. It operates approximately 980 retail stores. The company was formerly known as Brown Shoe Company, Inc. Caleres, Inc. was founded in 1878 and is headquartered in St. Louis, Missouri.
How the Company Makes MoneyCaleres generates revenue primarily through the sale of footwear across its various retail channels, including brick-and-mortar stores and e-commerce platforms. The company's key revenue streams include sales from its Famous Footwear retail chain, which operates both company-owned stores and online sales, as well as wholesale distribution to other retailers. Additionally, Caleres benefits from its strong brand partnerships and licensing agreements that enhance its product offerings. The company also capitalizes on seasonal trends and consumer demand, which is supported by effective marketing strategies and a focus on product innovation to attract and retain customers.
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 Earnings Call Summary
Earnings Call Date:Dec 09, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 17, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong organic sales growth, robust e-commerce performance, and international expansion, yet faced significant challenges with gross margin pressure due to tariffs, Famous Footwear sales decline, and Stuart Weitzman's underperformance. The company is optimistic about future improvements, particularly with tariff mitigation and integration plans for Stuart Weitzman.Q3-2025 Updates
Positive Updates
Organic Sales Growth
Organic sales increased 4.6% in the quarter and 18.8% when including Stuart Weitzman, exceeding internal expectations.
E-commerce Performance
Both business segments posted double-digit owned e-commerce performance with strong customer growth.
Sam Edelman Success
Sam Edelman achieved double-digit sales growth both domestically and internationally, marking its best quarter ever in e-commerce with higher full-price sales.
International Business Growth
International business showed robust growth, particularly in the premium brand categories.
Famous Footwear E-commerce
Famous Footwear's e-commerce sales were up double digits for the second consecutive quarter.
Negative Updates
Gross Margin Pressure
Consolidated gross margin decreased by 140 basis points due to tariffs and unfavorable wholesale customer mix.
Famous Footwear Sales Decline
Total sales for Famous Footwear were down 2.2% with comparable sales down 1.2%.
Stuart Weitzman Challenges
Stuart Weitzman underperformed, being dilutive to earnings, with significant global excess inventory.
Tariff Impact on Brand Portfolio
Brand Portfolio gross margin was down 150 basis points mainly due to tariffs, which had a 175 basis point impact.
China Sales Volatility
The shift in ownership of Stuart Weitzman resulted in sales volatility in China, especially in August.
Company Guidance
During the third quarter of 2025, Caleres, Inc. reported organic sales growth, with brand portfolio sales increasing by 4.6% and 18.8% when including Stuart Weitzman. The company saw double-digit growth in owned e-commerce and strong customer growth, although tariffs continued to pressure gross margins. Famous Footwear sales were down 2.2%, with comparable sales declining 1.2%. The introduction of Stuart Weitzman to the brand portfolio marked a transformational moment, albeit with temporary elevated costs. Caleres outlined plans to achieve breakeven for Stuart Weitzman by 2026, targeting significant synergistic savings across various functions. The company reported a consolidated gross margin of 42.7%, down 140 basis points from the previous year, with SG&A expenses increasing by $42.6 million to $311.3 million. For the fourth quarter, Caleres expects Famous Footwear sales to be down low single digits, brand portfolio sales to be flat to up 1% organically, and Stuart Weitzman to contribute $55 million to $60 million in sales. The company anticipates a consolidated gross margin down 75 to 100 basis points year-over-year.Caleres Financial Statement Overview
Summary
Caleres faces financial challenges with declining revenue growth and profitability pressures. The balance sheet shows improved leverage but cash flow issues are significant, with a notably negative free cash flow growth rate.Income Statement
Caleres shows a mixed performance in its income statement. The TTM data indicates a decline in revenue growth, with a negative growth rate of -0.93%. However, the company maintains a reasonable gross profit margin of 43.97% and a net profit margin of 2.26%. The EBIT and EBITDA margins have decreased compared to previous years, suggesting pressure on operational efficiency.65
Positive
Balance Sheet
The balance sheet reveals a moderate financial position. The debt-to-equity ratio has improved to 0.76 in the TTM period, indicating reduced leverage compared to previous years. However, the return on equity has decreased to 9.94%, reflecting lower profitability. The equity ratio stands at 28.49%, showing a stable capital structure but with room for improvement.55
Neutral
Cash Flow
Cash flow analysis highlights significant challenges. The free cash flow growth rate is notably negative at -11472.92% in the TTM period, indicating cash flow issues. The operating cash flow to net income ratio is low at 6.19%, and the free cash flow to net income ratio is only 0.52%, suggesting limited cash generation relative to earnings.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.65B | 2.72B | 2.82B | 2.97B | 2.78B | 2.12B |
| Gross Profit | 1.17B | 1.22B | 1.26B | 1.28B | 1.23B | 787.05M |
| EBITDA | 129.08M | 205.54M | 253.94M | 276.31M | 257.08M | -408.29M |
| Net Income | 59.75M | 107.25M | 163.87M | 181.74M | 137.02M | -438.99M |
Balance Sheet | ||||||
| Total Assets | 2.15B | 1.89B | 1.80B | 1.84B | 1.84B | 1.87B |
| Cash, Cash Equivalents and Short-Term Investments | 191.49M | 29.64M | 21.36M | 33.70M | 30.11M | 88.30M |
| Total Debt | 969.13M | 826.55M | 747.86M | 887.63M | 871.40M | 1.12B |
| Total Liabilities | 1.53B | 1.29B | 1.24B | 1.41B | 1.52B | 1.66B |
| Stockholders Equity | 613.30M | 599.02M | 560.63M | 420.68M | 318.57M | 200.25M |
Cash Flow | ||||||
| Free Cash Flow | -36.96M | 55.41M | 150.53M | 61.84M | 144.30M | 104.29M |
| Operating Cash Flow | 27.59M | 104.56M | 200.15M | 125.88M | 168.44M | 126.35M |
| Investing Cash Flow | -63.45M | -51.69M | -49.62M | -64.04M | -24.14M | -22.06M |
| Financing Cash Flow | 175.56M | -44.51M | -162.99M | -58.15M | -202.38M | -61.31M |
Caleres Technical Analysis
Positive
13.73
Price Trends
12.38
Positive
12.97
Positive
13.74
Negative
Market Momentum
0.33
Negative
58.00
Neutral
71.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAL, the sentiment is Positive. The current price of 13.73 is above the 20-day moving average (MA) of 13.22, above the 50-day MA of 12.38, and below the 200-day MA of 13.74, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 71.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAL.
Caleres Risk Analysis
Caleres disclosed 8 risk factors in its most recent earnings report. Caleres reported the most risks in the "Production" 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $242.42M | 11.81 | 8.67% | 2.08% | 4.13% | 53.56% | |
70 Outperform | $294.66M | 12.18 | 9.57% | 9.66% | -3.64% | -16.12% | |
67 Neutral | $465.39M | 22.18 | 3.33% | 2.11% | -2.83% | -86.19% | |
64 Neutral | $3.31B | 57.91 | 6.68% | 1.97% | 6.26% | -66.51% | |
63 Neutral | $4.31B | 27.09 | 11.82% | ― | <0.01% | -77.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $1.58B | 18.41 | 25.57% | 2.28% | 3.61% | ― |
* Consumer Cyclical Sector Average
CAL
Caleres
13.73
-5.65
-29.14%
CROX
Crocs
83.07
-20.23
-19.58%
RCKY
Rocky Brands
32.35
8.43
35.24%
SHOO
Steven Madden
45.60
5.58
13.95%
WEYS
Weyco Group
30.86
-3.51
-10.21%
WWW
Wolverine World Wide
19.30
-3.09
-13.80%
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.