Paradigm Capital Management Inc. NY Takes $8.25 Million Position in Caleres, Inc. $CAL

Key Points

• Paradigm Capital Management acquired 666,600 Caleres shares worth approximately $8.25 million, giving it a 1.98% stake. Institutional investors and hedge funds collectively own 98.44% of the company.
• Caleres reported quarterly EPS of $0.38, slightly above estimates, while revenue rose 8.5% year over year to $666.6 million. The stock recently opened at $13.67, within a 12-month range of $8.80 to $16.14.
• The company declared a quarterly dividend of $0.07 per share, equivalent to a 2.0% annual yield. Analyst sentiment remains cautious, with a consensus rating of “Reduce” and ratings ranging from Sell to Buy.

Paradigm Capital Management Inc. NY acquired a new position in shares of Caleres, Inc. (NYSE:CAL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 666,600 shares of the textile maker's stock, valued at approximately $8,246,000. Paradigm Capital Management Inc. NY owned approximately 1.98% of Caleres as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CAL. The Manufacturers Life Insurance Company increased its stake in Caleres by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,363 shares of the textile maker's stock worth $151,000 after purchasing an additional 693 shares in the last quarter. Barclays PLC lifted its stake in Caleres by 1.0% during the fourth quarter. Barclays PLC now owns 90,762 shares of the textile maker's stock valued at $1,105,000 after buying an additional 926 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Caleres by 5.6% in the second quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker's stock worth $231,000 after buying an additional 1,007 shares during the period. Osaic Holdings Inc. increased its position in shares of Caleres by 1,662.8% in the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock worth $25,000 after acquiring an additional 1,879 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Caleres by 5.8% in the second quarter. Prudential Financial Inc. now owns 34,938 shares of the textile maker's stock worth $427,000 after acquiring an additional 1,926 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Caleres Stock Performance

Caleres stock opened at $13.67 on Tuesday. The firm has a market cap of $459.18 million, a PE ratio of -1,365.63 and a beta of 0.76. The firm's 50 day moving average price is $12.79 and its two-hundred day moving average price is $12.43. Caleres, Inc. has a twelve month low of $8.80 and a twelve month high of $16.14.

Caleres (NYSE:CAL - Get Free Report) last issued its earnings results on Thursday, June 4th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $662.63 million. During the same quarter last year, the business posted $0.22 EPS. The company's revenue for the quarter was up 8.5% on a year-over-year basis. 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 analysts anticipate that Caleres, Inc. will post 1.63 EPS for the current fiscal year.

Caleres Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Caleres's dividend payout ratio is -2,800.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CAL shares. KeyCorp restated a "sector weight" rating on shares of Caleres in a report on Friday, June 5th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Caleres in a research note on Friday, July 31st. Zacks Research cut shares of Caleres from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised shares of Caleres from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce".

Insider Activity at Caleres

In other news, insider Daniel R. Freidman sold 11,207 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $168,105.00. Following the transaction, the insider owned 64,780 shares in the company, valued at approximately $971,700. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

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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