Bank of America Corp DE Buys 158,521 Shares of Caleres, Inc. $CAL

Key Points

• Bank of America acquired 158,521 Caleres shares during the second quarter, valued at approximately $1.96 million and representing 0.47% of the company. Several other institutional investors also initiated positions, with institutions and hedge funds owning 98.44% of Caleres.
• Caleres reported quarterly EPS of $0.47, beating estimates by $0.10, while revenue rose 5.6% year over year to $695.45 million but fell short of expectations. The company guided for third-quarter 2026 EPS of $0.62–$0.70 and full-year EPS of $1.50–$1.65.
• The stock recently traded at $12.18, with a market capitalization of about $420 million and a 2.3% dividend yield. Analyst sentiment remains neutral overall, with the stock holding an average “Hold” rating despite some recent upgrades.

Bank of America Corp DE bought a new stake in Caleres, Inc. (NYSE:CAL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 158,521 shares of the textile maker's stock, valued at approximately $1,961,000. Bank of America Corp DE owned 0.47% of Caleres as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAL. Odyssean LLC acquired a new position in Caleres in the second quarter valued at about $174,000. Man Group plc acquired a new stake in shares of Caleres during the second quarter valued at about $4,162,000. Hsbc Holdings PLC purchased a new stake in shares of Caleres in the 2nd quarter valued at approximately $916,000. PDT Partners LLC purchased a new stake in shares of Caleres in the 2nd quarter valued at approximately $160,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Caleres in the 2nd quarter worth approximately $174,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Caleres Stock Performance

Shares of Caleres stock opened at $12.18 on Thursday. The business has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $12.55. Caleres, Inc. has a one year low of $8.80 and a one year high of $15.04. The company has a market cap of $420.33 million, a PE ratio of 8.12 and a beta of 0.75.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. Caleres had a net margin of 1.85% and a return on equity of 7.84%. The firm had revenue of $695.45 million for the quarter, compared to analysts' expectations of $702.49 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm'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, sell-side analysts predict that Caleres, Inc. will post 1.61 earnings per share for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. Caleres's payout ratio is presently 18.67%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Caleres from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings upgraded Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. KeyCorp restated a "sector weight" rating on shares of Caleres in a research report on Friday, June 5th. Finally, Zacks Research cut Caleres from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Caleres Company Profile

Caleres, Inc NYSE: CAL is a global footwear company that designs, sources, markets and sells a portfolio of branded and private-label footwear. Its products include dress, casual, athletic and comfort shoes, as well as sandals, boots and related accessories for women, men and children.

The company operates through two primary areas: Famous Footwear, a family footwear retailer, and Brand Portfolio, which includes owned and licensed footwear brands such as Sam Edelman, Naturalizer, Franco Sarto, LifeStride, Bzees, Vince Camuto and Allen Edmonds.

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