Caleres, Inc. $CAL Stock Holdings Decreased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Caleres holdings by 91% in the second quarter, selling 122,333 shares and retaining 12,119 shares valued at approximately $150,000. Institutional investors collectively own 98.44% of the company.
• Analyst sentiment remains mixed but averages a “Hold” rating; Zacks downgraded the stock while Wall Street Zen upgraded it to “Buy” and Weiss Ratings raised its view to “Hold.”
• Caleres reported quarterly EPS of $0.47, beating estimates by $0.10, while revenue rose 5.6% year over year to $695.45 million. The company also announced a $0.07 quarterly dividend, equal to a 2.2% annualized yield.

Squarepoint Ops LLC reduced its holdings in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 91.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,119 shares of the textile maker's stock after selling 122,333 shares during the period. Squarepoint Ops LLC's holdings in Caleres were worth $150,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Caleres in the second quarter worth approximately $37,000. Legal & General Group Plc bought a new stake in Caleres during the 2nd quarter valued at $43,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Caleres in the 2nd quarter worth $50,000. Global Retirement Partners LLC bought a new position in shares of Caleres during the 2nd quarter worth $60,000. Finally, Royal Bank of Canada grew its position in shares of Caleres by 181.7% during the 1st quarter. Royal Bank of Canada now owns 12,047 shares of the textile maker's stock worth $127,000 after buying an additional 7,771 shares in the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock.

Analyst Ratings Changes

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

Caleres Trading Up 1.1%

Shares of CAL opened at $12.49 on Friday. Caleres, Inc. has a 12 month low of $8.80 and a 12 month high of $15.04. The stock has a fifty day moving average price of $12.81 and a 200-day moving average price of $12.47. The firm has a market cap of $431.03 million, a PE ratio of 8.33 and a beta of 0.75.

Caleres (NYSE:CAL - Get Free Report) last announced its earnings results on Wednesday, September 9th. The textile maker reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%.The company had revenue of $695.45 million for the quarter, compared to analyst estimates of $702.49 million. During the same period in the prior year, the company posted $0.20 EPS. The firm's quarterly 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. As a group, research analysts forecast that Caleres, Inc. will post 1.61 EPS for the current year.

Caleres Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 11th. Caleres's payout ratio is currently 18.67%.

About Caleres

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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