CaleresCAL
CAL
About: Caleres Inc is a footwear company that operates retail shoe stores and e-commerce websites, and designs, develops, sources, manufactures, and distributes footwear for people of all ages. The Company's business operations are organized into two reportable segments - famous Footwear and Brand Portfolio. The famous Footwear segment is comprised of its famous Footwear retail stores, famousfootwear.com, and famousfootwear.ca. The famous Footwear segment operated around 846 stores at the end of 2024. The Brand Portfolio segment offers retailers and consumers a cultivated portfolio of known brands. Geographically, the company generates the majority of its revenue from Domestic operations.
Employees: 9,400
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
234% more call options, than puts
Call options by funds: $31M | Put options by funds: $9.27M
57% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 46
2% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 43
0% more funds holding
Funds holding: 196 [Q3] → 196 (+0) [Q4]
2.81% less ownership
Funds ownership: 92.06% [Q3] → 89.25% (-2.81%) [Q4]
32% less capital invested
Capital invested by funds: $1.07B [Q3] → $726M (-$342M) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$16
5%
upside
Avg. target
$16
5%
upside
High target
$16
5%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Loop Capital Laura Champine 50% 1-year accuracy 14 / 28 met price target | 5%upside $16 | Hold Maintained | 4 Apr 2025 |
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
Caleres: Comparables Still Down And It Is Levering Up On Acquisitions, Risky
Caleres, Inc.'s comparable sales and margins continue to deteriorate, with Brand Portfolio sales down 7% and Famous Footwear sales down 3% in 4Q24. The acquisition of Stuart Weitzman probably raises debt by 50%, adding pressure on margins and requiring significant investment to turn around an unprofitable brand. Despite a low trading multiple, future EPS is expected to be lower due to margin compression and increased leverage, making the stock unattractive.
Neutral
Seeking Alpha
1 month ago
Caleres, Inc. (CAL) Q4 2024 Earnings Call Transcript
Caleres, Inc. (NYSE:CAL ) Q4 2024 Earnings Conference Call March 20, 2025 10:00 AM ET Company Participants Liz Dunn - SVP, Corporate Development and Strategic Communications Jay Schmidt - President and CEO Jack Calandra - SVP and CFO Conference Call Participants Ashley Owens - KeyBanc Capital Markets Laura Champine - Loop Capital Markets Mitch Kummetz - Seaport Research Dana Telsey - Telsey Advisory Group Operator Greetings, and welcome to the Caleres, Inc. Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
1 month ago
Caleres Reports Fourth Quarter & Full Year Results and Provides 2025 Outlook
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported its financial results for the fourth quarter and full year 2024 and provided guidance for first quarter and full year 2025. “Our fourth quarter earnings were at the high end of our most recent guidance. We gained market share in women's fashion footwear, our Lead Brands outperformed, and we grew our sneaker penetration. Famous Footwear's business softened in the quarter.
Neutral
Business Wire
1 month ago
Caleres Declares Regular Quarterly Dividend
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on April 11, 2025, to shareholders of record as of March 27, 2025. The company has paid a consecutive quarterly dividend for more than 100 years. About Caleres Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Allen Edmon.
Neutral
Business Wire
1 month ago
Caleres to Announce Fourth Quarter 2024 Results on March 20
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, will release its fourth quarter and year-end 2024 financial results before market open on Thursday, March 20, 2025. Following the announcement, company executives will host a conference call at 10 a.m. Eastern Time to discuss the results and provide a general business update. The earnings release was originally scheduled for March 19. However, the company has rescheduled to accommodat.
Positive
Zacks Investment Research
2 months ago
Tapestry to Offload Stuart Weitzman in $105M Deal With Caleres
TPR is selling Stuart Weitzman to Caleres, focusing on Coach and Kate Spade while ensuring the brand's growth under new leadership.
Neutral
Market Watch
2 months ago
Tapestry is selling Stuart Weitzman footwear brand to Caleres to focus on Coach and Kate Spade
The news comes just months after a federal judge blocked Tapestry's planned $8.5 billion acquisition of Michael Kors parent Capri Holdings Ltd.
Neutral
Business Wire
2 months ago
Caleres Announces Definitive Agreement to Acquire Stuart Weitzman from Tapestry
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, for $105 million, subject to customary adjustments. The acquisition cements Caleres' leadership position in women's fashion footwear, particularly in the contemporary segment of the market. “I have long admired Stuart Weit.
Neutral
Business Wire
2 months ago
Tapestry, Inc. Enters Into Definitive Agreement to Sell Stuart Weitzman Brand to Caleres
NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced that it entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, for $105 million in cash, subject to customary adjustments. “Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity, and craftsmanship of our organization over the.
Neutral
Business Wire
2 months ago
Favorite Daughter Launches First Shoe Collection in Partnership with Caleres
NEW YORK--(BUSINESS WIRE)--Caleres (NYSE: CAL) and Favorite Daughter today announced an exclusive license agreement for Favorite Daughter's first shoe line. Caleres will exclusively produce the brand's women's shoes starting with the Fall 2025 season. The partnership follows a collaboration between Caleres portfolio brand, Dr. Scholl's, and Favorite Daughter dropping in May 2025. Centric Brands, which co-owns the brand in a joint venture with Erin and Sara Foster, is working to build the Foster.
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