Penn Capital Management Company LLC Invests $812,000 in Caleres, Inc. $CAL

Penn Capital Management Company LLC bought a new position in Caleres, Inc. (NYSE:CAL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 65,662 shares of the textile maker’s stock, valued at approximately $812,000. Penn Capital Management Company LLC owned about 0.20% of Caleres at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Caleres during the 2nd quarter worth approximately $48,870,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 in the last quarter. Paradigm Capital Management Inc. NY bought a new position in shares of Caleres in the second quarter valued at approximately $8,246,000. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 last quarter. Finally, Federated Hermes Inc. boosted its position in shares of 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 last quarter. Institutional investors own 98.44% of the company’s stock.

Analyst Upgrades and Downgrades

CAL has been the topic of several recent analyst reports. KeyCorp restated a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Caleres from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered shares of Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Caleres has an average rating of “Reduce”.

Caleres Trading Down 0.1%

CAL stock opened at $12.53 on Friday. The stock has a market cap of $420.88 million, a P/E ratio of -1,251.75 and a beta of 0.76. The stock’s fifty day simple moving average is $12.77 and its two-hundred day simple moving average is $12.43. Caleres, Inc. has a 1-year low of $8.80 and a 1-year high of $16.14.

Caleres (NYSE:CAL) last released its earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. As a group, analysts forecast that Caleres, Inc. will post 1.63 earnings per share for the current fiscal year.

Caleres Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.2%. Caleres’s payout ratio is currently -2,800.00%.

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.