Engineers Gate Manager LP Has $529,000 Position in Caleres, Inc. $CAL

Key Points

• Engineers Gate Manager LP cut its Caleres stake by 71.5% in the second quarter, selling 107,079 shares and retaining 42,760 shares worth approximately $529,000.
• Institutional ownership remains high at 98.44%, with BlackRock and several other major investment firms initiating or expanding positions in Caleres.
• Caleres beat quarterly earnings expectations with EPS of $0.47 versus the $0.37 consensus, while revenue rose 5.6% year over year; analysts maintain a consensus “Hold” rating.

Engineers Gate Manager LP lowered its holdings in Caleres, Inc. (NYSE:CAL - Free Report) by 71.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,760 shares of the textile maker's stock after selling 107,079 shares during the quarter. Engineers Gate Manager LP owned 0.13% of Caleres worth $529,000 at the end of the most recent quarter.

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

Caleres Stock Performance

Shares of NYSE:CAL opened at $12.78 on Wednesday. The business's 50 day simple moving average is $12.79 and its two-hundred day simple moving average is $12.45. The firm has a market cap of $441.04 million, a P/E ratio of 8.52 and a beta of 0.75. Caleres, Inc. has a 52-week low of $8.80 and a 52-week high of $15.04.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $695.45 million during the quarter, compared to analyst estimates of $702.49 million. During the same period in the previous year, the company posted $0.20 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. 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, equities analysts forecast that Caleres, Inc. will post 1.62 earnings per share for the current fiscal year.

Caleres Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 11th. Caleres's payout ratio is 18.67%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAL. KeyCorp reiterated a "sector weight" rating on shares of Caleres in a report on Friday, June 5th. Zacks Research lowered shares of Caleres from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Caleres from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Finally, Weiss Ratings upgraded Caleres from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Caleres 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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