Connor Clark & Lunn Investment Management Ltd. Makes New $3.89 Million Investment in Caleres, Inc. $CAL

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Caleres, Inc. (NYSE:CAL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 314,584 shares of the textile maker’s stock, valued at approximately $3,891,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Caleres during the 2nd quarter valued at $48,870,000. Northwestern Mutual Wealth Management Co. raised its position 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 worth $22,354,000 after buying an additional 1,833,624 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Caleres by 120.4% during 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 buying an additional 586,020 shares during the period. Federated Hermes Inc. boosted its stake in Caleres by 86.3% during the fourth quarter. Federated Hermes Inc. now owns 937,391 shares of the textile maker’s stock valued at $11,408,000 after buying an additional 434,269 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Caleres during the fourth quarter worth about $4,338,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research lowered Caleres from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded Caleres from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Caleres in a report on Friday, July 31st. Finally, KeyCorp reissued a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Caleres presently has a consensus rating of “Reduce”.

Caleres Price Performance

Shares of CAL opened at $12.55 on Friday. The firm has a market cap of $421.55 million, a P/E ratio of -1,253.75 and a beta of 0.76. The stock has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $12.43. Caleres, Inc. has a 1 year low of $8.80 and a 1 year high of $16.14.

Caleres (NYSE:CAL) last issued its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $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, equities analysts anticipate that Caleres, Inc. will post 1.63 earnings per share for the current year.

Caleres Company 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.