Telsey keeps Hold for Caleres stock at USD 16.00 target

Published on 10/05/2026 at 00:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caleres stock has a USD 16.00 target and Hold rating from September 11, 2026. Q2 sales reached USD 695.5 million.

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Caleres (US1295001044) has a USD 16.00 price target and Hold rating from Telsey Advisory, while the stock's latest market capitalization was USD 410.5 million on October 2, 2026. As The Globe and Mail reported on September 11, 2026, Telsey maintained a Hold rating and a USD 16.00 target for Caleres.

Second-quarter sales rise 5.60 percent

According to Caleres in its September 9, 2026 results release, second-quarter 2026 net sales rose 5.60 percent year over year to USD 695.5 million. Brand Portfolio sales increased 23.60 percent, while Famous Footwear sales declined 6.30 percent, creating a sharp split between the company's two main businesses.

The earnings quality was mixed but materially stronger. Caleres reported second-quarter 2026 GAAP diluted earnings per share of USD 1.71, compared with USD 0.20 in the second quarter of 2025. Adjusted diluted earnings per share rose to USD 0.47 from USD 0.35, although the quarter included a USD 55.6 million tariff refund recovery.

Brand Portfolio offsets retail weakness

For investors, the segment contrast matters more than the headline sales growth. Brand Portfolio sales rose 23.60 percent in the second quarter of 2026, including 8.20 percent organic growth, while Famous Footwear comparable sales fell 5.90 percent. The Brand Portfolio adjusted gross margin reached 49.10 percent, compared with 42.70 percent at Famous Footwear.

Caleres' third-quarter 2026 outlook calls for low-single-digit consolidated sales growth, GAAP diluted earnings per share of USD 0.62 to USD 0.70, and gross-margin improvement of 150 to 200 basis points. For fiscal 2026, the company expects adjusted diluted earnings per share of USD 1.50 to USD 1.65, versus prior guidance of USD 1.40 to USD 1.65, according to Caleres.

Caleres stock stays below its high

Caleres stock had a 52-week range of USD 8.80 to USD 15.04 on October 2, 2026, with a latest primary-exchange quote of USD 12.22 on the NYSE. The market capitalization was USD 410.5 million on that date, placing the stock 18.75 percent below its 52-week high. The USD 16.00 analyst target is 30.95 percent above the USD 12.22 quote.