97,880 Caleres, Inc. $CAL Shares Bought by Penn Capital Management Company LLC

Key Points

• Penn Capital increased its Caleres stake by 149.1% in the third quarter, buying 97,880 shares and bringing its holdings to 163,542 shares, valued at about $1.99 million.
• Other institutional investors also added or opened positions; institutions and hedge funds collectively own 98.44% of Caleres.
• Caleres reported quarterly EPS of $0.47, beating the $0.37 analyst estimate, while revenue of $695.45 million fell short of expectations. Analysts’ average rating is Hold.

Penn Capital Management Company LLC grew its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 149.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,542 shares of the textile maker's stock after buying an additional 97,880 shares during the period. Penn Capital Management Company LLC owned 0.47% of Caleres worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Caleres in the 2nd quarter valued at about $48,870,000. Arrowstreet Capital Limited Partnership lifted its stake in Caleres by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker's stock worth $15,543,000 after purchasing an additional 262,576 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Caleres in the second quarter valued at approximately $8,246,000. Man Group plc acquired a new position in Caleres in the second quarter valued at approximately $4,162,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Caleres in the second quarter valued at approximately $3,891,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAL has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Caleres from a "buy" rating to a "strong-buy" rating in a report on Sunday, November 1st. Weiss Ratings upgraded shares of Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of "Hold".

Caleres Price Performance

NYSE CAL opened at $13.59 on Tuesday. The company has a fifty day moving average of $12.61 and a two-hundred day moving average of $12.49. The company has a market capitalization of $468.99 million, a PE ratio of 10.07 and a beta of 0.71. Caleres, Inc. has a 1 year low of $8.80 and a 1 year high of $15.04.

Caleres (NYSE:CAL - Get Free Report) last posted its earnings results on Wednesday, September 9th. The textile maker reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The business had revenue of $695.45 million for the quarter, compared to analysts' expectations of $702.49 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business's revenue was up 5.6% compared to the same quarter last year. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. On average, research analysts expect that Caleres, Inc. will post 1.61 earnings per share for the current year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.28 annualized dividend and a yield of 2.1%. Caleres's payout ratio is 18.67%.

About Caleres

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl's.

The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.

Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.

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