Man Group plc Acquires Shares of 336,430 Caleres, Inc. $CAL

Key Points

• Man Group plc acquired 336,430 shares of Caleres in the second quarter, valued at approximately $4.16 million and representing about 1% of the company. Institutional investors collectively own 98.44% of Caleres.
• Caleres reported quarterly revenue of $666.6 million and adjusted earnings of $0.38 per share, slightly exceeding estimates, while revenue increased 8.5% year over year. The company also declared a quarterly dividend of $0.07 per share, implying a 2.2% annualized yield.
• Analyst sentiment remains cautious: Caleres carries a consensus rating of “Reduce”, with two Hold ratings and one Sell rating, while the stock recently traded near $12.53.

Man Group plc bought a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 336,430 shares of the textile maker's stock, valued at approximately $4,162,000. Man Group plc owned about 1.00% of Caleres as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its stake in Caleres by 1,662.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,879 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Caleres in the fourth quarter worth about $25,000. Quadrant Capital Group LLC increased its holdings in shares of Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock worth $29,000 after purchasing an additional 2,199 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Caleres in the second quarter worth about $37,000. Finally, Legal & General Group Plc bought a new position in Caleres during the second quarter valued at approximately $43,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Caleres Stock Up 0.4%

NYSE CAL opened at $12.53 on Monday. Caleres, Inc. has a 52 week low of $8.80 and a 52 week high of $16.14. The firm has a market capitalization of $420.88 million, a price-to-earnings ratio of -1,251.75 and a beta of 0.76. The company has a fifty day moving average of $12.77 and a two-hundred day moving average of $12.43.

Caleres (NYSE:CAL - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Caleres had a net margin of 0.02% and a return on equity of 7.33%. The company had revenue of $666.60 million for the quarter, compared to the consensus estimate of $662.63 million. During the same period in the prior year, the firm posted $0.22 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. Equities research analysts anticipate that Caleres, Inc. will post 1.63 EPS for the current year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. Caleres's dividend payout ratio is presently -2,800.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research downgraded Caleres from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. KeyCorp reiterated a "sector weight" rating on shares of Caleres in a research report on Friday, June 5th. Weiss Ratings restated a "sell (d+)" rating on shares of Caleres in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Caleres from a "buy" rating to a "hold" rating in a research note on Saturday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Caleres currently has a consensus rating of "Reduce".

Caleres Profile

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.

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