Caleres, Inc. $CAL Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP raised its position in Caleres, Inc. (NYSE:CAL) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,031,874 shares of the textile maker’s stock after purchasing an additional 160,274 shares during the quarter. Invenomic Capital Management LP’s holdings in Caleres were worth $12,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CAL. Northwestern Mutual Wealth Management Co. increased its stake in shares of Caleres by 56,997.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,836,841 shares of the textile maker’s stock valued at $22,354,000 after purchasing an additional 1,833,624 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Caleres by 120.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,072,550 shares of the textile maker’s stock valued at $13,986,000 after purchasing an additional 586,020 shares during the period. Federated Hermes Inc. increased its stake in shares of Caleres by 86.3% in the fourth quarter. Federated Hermes Inc. now owns 937,391 shares of the textile maker’s stock valued at $11,408,000 after purchasing an additional 434,269 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Caleres in the fourth quarter valued at approximately $4,338,000. Finally, Paradigm Capital Management Inc. NY increased its stake in shares of Caleres by 39.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 911,599 shares of the textile maker’s stock valued at $11,094,000 after purchasing an additional 256,155 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

Caleres Price Performance

Caleres stock opened at $12.48 on Thursday. The firm has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $12.54. The stock has a market capitalization of $419.20 million, a PE ratio of -1,246.75 and a beta of 0.74. Caleres, Inc. has a 12-month low of $8.80 and a 12-month high of $16.14.

Caleres (NYSE:CAL) last posted its quarterly earnings data on Thursday, June 4th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $666.60 million during the quarter, compared to analysts’ expectations of $662.64 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. On average, analysts forecast that Caleres, Inc. will post 1.63 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 11th will be issued a $0.07 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.28 annualized dividend and a dividend yield of 2.2%. Caleres’s dividend payout ratio (DPR) is -2,800.00%.

Wall Street Analyst Weigh In

CAL has been the topic of several analyst reports. Seaport Research Partners raised their price target on shares of Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Zacks Research upgraded shares of Caleres from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Caleres from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. KeyCorp restated a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Finally, Weiss Ratings upgraded shares of Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Caleres has a consensus rating of “Hold”.

Insider Activity

In other news, insider Daniel R. Freidman sold 11,207 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $168,105.00. Following the completion of the transaction, the insider directly owned 64,780 shares in the company, valued at $971,700. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by company insiders.

Caleres Profile

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.