Caleres (CAL) AI Stock Analysis

• Market Cap: $300.31M
• Dividend Yield: 2.11%
• Average Volume (3M): 550.54K
• Price to Earnings (P/E): 39.2
• Beta (1Y): 1.28
• Revenue Growth: -2.83%
• EPS Growth: -86.19%
• Country: US
• Employees: 4,800
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.36
• Shares Outstanding: 33,895,560
• 10 Day Avg. Volume: 625,082
• 30 Day Avg. Volume: 550,544
• PEG Ratio: -0.16
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 11.05
• Enterprise Value/Market Cap: 2.65
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 0.68
• Enterprise Value/Ebitda: 9.46
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.67
• Revenue Forecast (FY): $2.91B

• Rating: 49 Neutral
• Price Target: $10.50 ▲(4.06% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is held back primarily by weakened TTM profitability and very thin free cash flow, with earnings-call commentary reinforcing near-term margin pressure (tariffs, Stuart Weitzman dilution) and softer Famous Footwear trends. Technicals are neutral-to-slightly weak versus longer-term averages, while valuation and the dividend offer only modest support. The CFO change and updated outlook add incremental uncertainty.

Positive Factors

E‑commerce & Organic Sales Growth

Sustained double‑digit owned e‑commerce growth and positive organic sales point to durable shifts in customer behavior and improved direct‑to‑consumer economics. Higher digital penetration supports lower distribution costs, repeat purchases, and scalable marketing ROI over the next several quarters.

Improving Leverage Position

A directionally stronger balance sheet with lower leverage increases financial flexibility for inventory management, marketing investments, and integration of acquisitions. Reduced refinancing pressure supports multi‑quarter resilience versus prior high‑leverage periods.

Diversified Brand & Channel Mix

A portfolio spanning value (Famous Footwear), growth brands (Sam Edelman) and premium (Stuart Weitzman) plus wholesale and DTC channels diversifies revenue streams. This multi‑brand, multi‑channel footprint helps smooth demand swings and supports cross‑sell and margin expansion as integrations complete.

Negative Factors

Very Thin Free Cash Flow

Sharp deterioration in free cash flow constrains reinvestment, debt repayment, and strategic optionality. Thin FCF increases reliance on external financing for growth or inventory resets and leaves less buffer for execution hiccups or sustained margin headwinds over the coming quarters.

Gross Margin Pressure

Tariff‑driven cost increases and unfavorable wholesale mix materially compress margins. Persistent cost headwinds and inventory markdown risk from excess Stuart Weitzman stock can keep operating margins depressed and delay a return to prior profitability levels for multiple quarters.

CFO Turnover & Outlook Revision

Leadership turnover at the finance function alongside an updated outlook tied to third‑party bankruptcy and possible restructuring charges raises execution and reporting risk. This can hamper near‑term forecasting, capital allocation decisions, and stakeholder confidence during integration and remediation efforts.

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, 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 Money

Caleres 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 Financial Statement Overview

Summary

Recent fundamentals are pressured: TTM profitability and cash generation have compressed sharply (very thin free cash flow and weak cash conversion), despite strong revenue growth. The balance sheet is directionally improved with lower leverage, but ROE has fallen materially, keeping the overall financial picture below average.

Income Statement

TTM (Trailing-Twelve-Months) results show sharp profitability compression: revenue is up strongly (reported growth rate 1.851), but net profit margin is only ~0.8% and operating margins are low, indicating elevated costs and weaker pricing/volume mix. Annual results show the business can be meaningfully profitable (2022–2024 net margins roughly ~5%–6%), but 2025 profitability stepped down materially and TTM earnings are far below the prior run-rate. Overall: mixed—top-line resilience, but current earnings quality and margin trajectory are weak versus recent history.

Balance Sheet

Leverage has improved versus earlier years: debt-to-equity moved down from very high levels in 2021–2023 to below 1.0 in TTM (Trailing-Twelve-Months), driven by lower debt and higher equity. That said, the capital structure still relies meaningfully on debt (TTM debt ~78% of equity), and returns on equity have fallen sharply in TTM (~3%) versus much stronger levels in 2022–2024, reflecting the earnings downturn. Overall: balance sheet directionally better and more stable, but profitability-driven equity returns are currently a key weakness.

Cash Flow

Cash generation has deteriorated notably in TTM (Trailing-Twelve-Months): operating cash flow is modest and free cash flow is very thin (~$7.5M), with a steep free-cash-flow decline (reported growth -120.21). Free cash flow covers only a small portion of net income in TTM, suggesting weaker cash conversion and/or heavier working-capital/capex pressure versus prior years. While prior annual periods showed stronger free cash flow (especially 2022 and 2024), the most recent trajectory points to reduced financial flexibility.

Breakdown	TTM	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Income Statement
Total Revenue	2.70B	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	84.04M	205.54M	253.94M	276.31M	257.08M	-408.29M
Net Income	20.61M	107.25M	163.87M	181.74M	137.02M	-438.99M
Balance Sheet
Total Assets	2.08B	1.89B	1.80B	1.84B	1.84B	1.87B
Cash, Cash Equivalents and Short-Term Investments	33.96M	29.64M	21.36M	33.70M	30.11M	88.30M
Total Debt	1.44B	826.55M	747.86M	887.63M	871.40M	1.12B
Total Liabilities	1.45B	1.29B	1.24B	1.41B	1.52B	1.66B
Stockholders Equity	616.75M	599.02M	560.63M	420.68M	318.57M	200.25M
Cash Flow
Free Cash Flow	7.47M	55.41M	150.53M	61.84M	144.30M	104.29M
Operating Cash Flow	66.24M	104.56M	200.15M	125.88M	168.44M	126.35M
Investing Cash Flow	-166.53M	-51.69M	-49.62M	-64.04M	-24.14M	-22.06M
Financing Cash Flow	100.61M	-44.51M	-162.99M	-58.15M	-202.38M	-61.31M

Caleres Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 10.09 is below the 20-day moving average (MA) of 10.91, below the 50-day MA of 12.10, and below the 200-day MA of 12.95, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 23.20 is Positive, neither overbought nor oversold. The STOCH value of 6.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CAL.

Caleres Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WEYS	74 Outperform	$309.39M	12.56	9.35%	9.66%	-3.64%	-16.12%
RCKY	69 Neutral	$313.74M	8.44	8.67%	2.08%	4.13%	53.56%
CROX	62 Neutral	$3.91B	-57.09	-5.37%	―	<0.01%	-77.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WWW	61 Neutral	$1.35B	11.34	26.62%	2.28%	3.61%	―
SHOO	56 Neutral	$2.38B	66.08	5.21%	1.97%	6.26%	-66.51%
CAL	49 Neutral	$300.31M	39.24	3.39%	2.11%	-2.83%	-86.19%

Caleres Corporate Events

Caleres Names Interim CFO and Updates Fiscal Outlook

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 related to any disagreement over its operations, policies, or accounting and financial practices. Effective January 21, 2026, Senior Vice President and Chief Accounting Officer Daniel L. Karpel, a finance executive with more than 30 years of experience and prior tenure at Caleres, was appointed interim Chief Financial Officer and principal financial officer, and on January 21, 2026, the company also updated its fourth-quarter and fiscal 2025 outlook to reflect the potential impact of the Saks Global bankruptcy and possible restructuring charges not previously included in guidance, signaling potential financial and operational adjustments ahead for stakeholders.

The most recent analyst rating on (CAL) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Caleres stock, see the CAL Stock Forecast page.