Tue Sep 17 06:13:06 UTC 2024: ## Caleres Stock Forecast Cut by Telsey Advisory Group

**St. Louis, MO -** Caleres, Inc. (NYSE: CAL), a leading footwear retailer, saw its stock price dip following a revised earnings forecast by Telsey Advisory Group. The analyst firm lowered its Q3 2025 earnings per share (EPS) estimate for Caleres from $1.56 to $1.35, citing concerns over the company’s recent financial performance.

Caleres reported disappointing Q3 2024 earnings on September 12th, missing analysts’ expectations with an EPS of $0.85 compared to the predicted $1.22. The company’s revenue also fell short of estimates, reaching $683.30 million against a projected $723.80 million.

Telsey Advisory Group also revised its EPS estimates for other quarters, with the full-year 2025 estimate dropping from $4.40 to $4.08.

Caleres shares opened at $32.27 on Monday, down from its 50-day simple moving average of $37.47 and its 200-day simple moving average of $36.81.

Despite the gloomy forecast, Caleres declared a quarterly dividend of $0.07 per share, payable on September 27th.

However, insider activity suggests a lack of confidence in the company’s future. Diane M. Sullivan, an insider at Caleres, sold 17,068 shares of the company’s stock on July 22nd, and Director Carla C. Hendra sold 5,349 shares on July 15th.

While institutional investors have recently increased their holdings in Caleres, the overall sentiment surrounding the company remains cautious due to the recent earnings miss and the lowered EPS estimates.

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