Caleres (CAL) vs Reformation (REF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Reformation is the larger company by market cap ($791.7 million vs $428.9 million), about 1.8 times the size. On valuation, Caleres trades at a lower forward P/E (5.7x vs 17.9x for Reformation). Caleres pays a dividend yielding 2.25%, while Reformation does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CAL | REF |
|---|---|---|
| Share price | $12.43 | $13.40 |
| Market cap | $428.90M | $791.66M |
| 1-day change | -0.16% | +2.45% |
| YTD return | +2.14% | — |
| 1-year return | -8.33% | — |
| 5-year return | -43.79% | — |
| P/E ratio (TTM) | 8.12 | 67.00 |
| Forward P/E | 5.67 | 17.93 |
| EPS (TTM) | $1.53 | $0.20 |
| Dividend yield | 2.25% | 0.00% |
| Annual dividend | $0.28 | $0.00 |
| 52-week high | $15.04 | $17.26 |
| 52-week low | $8.80 | $11.85 |
| Distance from 52-week high | -17.35% | -22.36% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +36.77% | +43.66% |
| Average volume | 513.00K | 644.70K |
| Shares outstanding | 34.50M | 59.08M |
| Employees | 5,000 | 1,353 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Shoe Manufacturing | Apparel |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Reformation trades at a higher earnings multiple (67.0x vs 8.1x trailing P/E).
- Caleres offers a meaningfully higher dividend yield (2.25% vs 0.00%).
About Caleres
CAL stock →Caleres, Inc. engages in the designs, develops, sources, manufactures, and distributes footwear in the United States, Canada, East and Southeast Asia, and internationally.
Consumer Discretionary · Shoe Manufacturing · 5,000 employees
About Reformation
REF stock →Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally.
Consumer Discretionary · Apparel · 1,353 employees
CAL vs REF FAQ
Which is bigger, Caleres or Reformation?
Reformation (REF) is larger, with a market capitalization of $791.66M compared with $428.90M for Caleres (CAL).
Which has the lower P/E ratio, CAL or REF?
CAL has the lower trailing P/E at 8.1, versus 67.0 for REF. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Caleres or Reformation?
Caleres pays a dividend yielding 2.25%, while Reformation does not currently pay a regular dividend.
Are Caleres and Reformation in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Shoe Manufacturing for Caleres and Apparel for Reformation.