Caleres Inc (CAL)
NYSE:CAL
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Caleres
(NYSE:CAL)
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Rating:54Neutral
Price Target:
$11.00
▲(0.46% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by mixed financial performance (deleveraging and steady cash generation offset by a recent earnings/margin step-down into a small loss). Technicals remain bearish with price below key moving averages and a negative MACD. Valuation is modestly supported by the dividend yield, while the earnings call adds some upside from constructive 2026 guidance but is tempered by tariff, cost, and near-term execution risks.
Positive Factors
Improved leverage / balance sheet de-risking
Caleres's debt-to-equity falling to under 1x represents a durable reduction in financial risk. A stronger capital structure increases resilience to revenue cyclicality, lowers interest sensitivity, and gives management flexibility to fund integration, capex, or return capital without relying on volatile earnings.
Negative Factors
Profitability deterioration / net loss
The swing to a small annual net loss and compressed operating margins signal persistent profitability pressure. Until operating leverage and cost structure normalize, earnings volatility can undermine return on equity, limit internal reinvestment capacity, and constrain long-term cash available for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / balance sheet de-risking
Caleres's debt-to-equity falling to under 1x represents a durable reduction in financial risk. A stronger capital structure increases resilience to revenue cyclicality, lowers interest sensitivity, and gives management flexibility to fund integration, capex, or return capital without relying on volatile earnings.
Read all positive factors
Caleres (CAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$370.57M
Dividend Yield2.11%
Average Volume (3M)700.19K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth-2.83%
EPS Growth-86.19%
CountryUS
Employees4,800
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.36
Shares Outstanding33,842,240
10 Day Avg. Volume533,329
30 Day Avg. Volume700,187
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.66
Price to Sales (P/S)0.14
P/FCF Ratio12.28
Enterprise Value/Market Cap3.32
Enterprise Value/Revenue0.45
Enterprise Value/Gross Profit1.04
Enterprise Value/Ebitda27.56
Forecast
1Y Price Target
$16.00Price Target Upside46.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.53
Revenue Forecast (FY)$2.87B
Caleres Business Overview & Revenue Model
Company Description
Caleres, 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...
How the Company Makes Money
Caleres generates revenue primarily by selling footwear (and related accessories) through two main routes: (1) direct-to-consumer sales and (2) wholesale sales. In its direct-to-consumer business, the company earns money by selling products to end...
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:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 28, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: strong operational momentum in lead brands, owned e-commerce, international expansion, and a successful Stuart Weitzman integration that supports management's 2026 build-back thesis. However, near-term financials were pressured by tariff-driven gross margin declines, SG&A deleverage tied to the acquisition, a Q4 operating loss and Famous Footwear full-year sales softness. Management outlined credible mitigation steps and constructive 2026 guidance (margin expansion and positive adjusted EPS), but material risks from tariffs, geopolitical events, and acquisition-related costs temper near-term upside.Positive Updates
Quarterly Revenue Growth
Consolidated Q4 sales of $695.1 million, up 8.7% year-over-year; Stuart Weitzman contributed $56.3 million to the quarter.
Negative Updates
Q4 Operating Loss and EPS Impact
Q4 operating loss of $11.6 million (operating margin -1.7%); Q4 diluted EPS loss of $0.36 (loss of $0.06 excluding Stuart Weitzman).
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Growth
Consolidated Q4 sales of $695.1 million, up 8.7% year-over-year; Stuart Weitzman contributed $56.3 million to the quarter.
Read all positive updates
Company Guidance
Caleres guided to a build-back 2026: for Q1 it expects consolidated sales up mid- to high-single digits, Famous Footwear sales down low-single digits to flat with comps down 2% to up 1%, Brand Portfolio sales up mid-teens (inclusive of low-single-digit organic growth), consolidated gross margin improving 120–140 basis points, a Q1 tax rate of 30–32%, GAAP EPS of $0.21–$0.26 and adjusted EPS of $0.25–$0.30 (including ~ $2.0M of remaining Stuart Weitzman acquisition/integration costs). For the full year it expects consolidated sales up low- to mid-single digits, Famous sales down low-single digits to flat with comps down 1% to up 1%, Brand Portfolio up low double-digits (inclusive of low- to mid-single-digit organic growth excluding Stuart Weitzman), gross margin up 140–180 basis points, SG&A rate relatively flat, interest expense of ~ $18M, a full-year tax rate of 28–30%, GAAP EPS $1.31–$1.61 and adjusted EPS $1.35–$1.65, and CapEx of ~$55–60M; the guide assumes new tariffs largely replace prior IEPA tariffs and flags geopolitical/tariff risks (Middle East disruption is currently modest and represents <1% of sales).Caleres Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.76B | 2.72B | 2.82B | 2.97B | 2.78B |
| Gross Profit | 1.18B | 1.22B | 1.26B | 1.28B | 1.23B |
| EBITDA | 70.82M | 205.54M | 253.94M | 276.31M | 257.08M |
| Net Income | -7.05M | 107.25M | 163.87M | 181.74M | 137.02M |
Balance Sheet | |||||
| Total Assets | 1.97B | 1.89B | 1.80B | 1.84B | 1.84B |
| Cash, Cash Equivalents and Short-Term Investments | 29.77M | 29.64M | 21.36M | 33.70M | 30.11M |
| Total Debt | 891.13M | 826.55M | 747.86M | 887.63M | 871.40M |
| Total Liabilities | 1.36B | 1.29B | 1.24B | 1.41B | 1.52B |
| Stockholders Equity | 601.85M | 599.02M | 560.63M | 420.68M | 318.57M |
Cash Flow | |||||
| Free Cash Flow | 32.37M | 55.41M | 150.53M | 61.84M | 144.30M |
| Operating Cash Flow | 100.26M | 104.56M | 200.15M | 125.88M | 168.44M |
| Investing Cash Flow | -158.83M | -51.69M | -49.62M | -64.04M | -24.14M |
| Financing Cash Flow | 58.65M | -44.51M | -162.99M | -58.15M | -202.38M |
Caleres Technical Analysis
Positive
10.95
Price Trends
11.32
Negative
11.91
Negative
12.71
Negative
Market Momentum
-0.06
Negative
51.32
Neutral
52.59
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 10.95 is above the 20-day moving average (MA) of 10.37, below the 50-day MA of 11.32, and below the 200-day MA of 12.71, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 52.59 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $323.79M | 12.56 | 9.35% | 9.66% | -3.64% | -16.12% | |
69 Neutral | $314.05M | 9.84 | 9.15% | 2.08% | 4.13% | 53.56% | |
62 Neutral | $4.88B | -57.09 | -5.37% | ― | <0.01% | -77.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $1.37B | 15.53 | 26.62% | 2.28% | 3.61% | ― | |
56 Neutral | $2.71B | 66.08 | 5.21% | 1.97% | 6.26% | -66.51% | |
54 Neutral | $370.57M | -56.33 | -1.16% | 2.11% | -2.83% | -86.19% |
* Consumer Cyclical Sector Average
CAL
Caleres
10.95
-5.76
-34.46%
CROX
Crocs
97.08
-2.51
-2.52%
RCKY
Rocky Brands
41.67
27.29
189.74%
SHOO
Steven Madden
37.21
15.64
72.50%
WEYS
Weyco Group
33.97
5.70
20.15%
WWW
Wolverine World Wide
16.81
4.73
39.21%
Caleres Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Caleres Names Interim CFO and Updates Fiscal Outlook
Negative
Jan 22, 2026
On January 15, 2026, Caleres announced that Senior Vice President and Chief Financial Officer Jack P. Calandra will step down as CFO effective that date and leave the company on January 30, 2026; the company emphasized that his departure is not re...
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.