Invenomic Capital Management LP Buys 143,175 Shares of Caleres, Inc. $CAL

Invenomic Capital Management LP grew its stake in shares of Caleres, Inc. (NYSE:CAL) by 19.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 871,600 shares of the textile maker’s stock after purchasing an additional 143,175 shares during the quarter. Invenomic Capital Management LP owned approximately 2.58% of Caleres worth $11,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Caleres by 53.7% during the 3rd quarter. Bank of America Corp DE now owns 465,151 shares of the textile maker’s stock valued at $6,066,000 after buying an additional 162,583 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Caleres in the third quarter valued at about $540,000. Creative Planning raised its stake in shares of Caleres by 40.2% during the third quarter. Creative Planning now owns 54,395 shares of the textile maker’s stock valued at $709,000 after acquiring an additional 15,595 shares during the last quarter. Man Group plc bought a new stake in shares of Caleres in the third quarter worth about $589,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Caleres by 40.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,764 shares of the textile maker’s stock worth $206,000 after purchasing an additional 4,502 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CAL shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research report on Wednesday, January 21st. Zacks Research upgraded Caleres from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $14.00.

Caleres Stock Down 1.7%

CAL opened at $9.25 on Monday. Caleres, Inc. has a 52 week low of $9.12 and a 52 week high of $18.27. The stock has a market cap of $313.58 million, a PE ratio of 14.68 and a beta of 0.64. The business has a 50 day moving average of $12.31 and a 200-day moving average of $12.71.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.