Renaissance Technologies LLC Decreases Stake in Caleres, Inc. $CAL

Key Points

• Renaissance Technologies cut its Caleres stake by 37.6% in the first quarter, selling 134,200 shares and retaining 222,250 shares valued at approximately $2.34 million. Institutional investors collectively own 98.44% of the company.
• Caleres reported quarterly EPS of $0.38, slightly exceeding estimates, while revenue rose 8.5% year over year to $666.6 million. The company issued second-quarter EPS guidance of $0.32–$0.38 and full-year guidance of $1.40–$1.65.
• Shares opened at $14.43, near the upper end of their 52-week range, while analysts’ consensus rating remains “Reduce.” Caleres also maintained a quarterly dividend of $0.07, representing a 1.9% annualized yield.

Renaissance Technologies LLC lessened its stake in shares of Caleres, Inc. (NYSE:CAL - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 222,250 shares of the textile maker's stock after selling 134,200 shares during the period. Renaissance Technologies LLC owned approximately 0.66% of Caleres worth $2,343,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CAL. Global Retirement Partners LLC purchased a new position in shares of Caleres in the fourth quarter worth $25,000. Osaic Holdings Inc. grew its holdings in shares of Caleres by 1,662.8% during the second quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker's stock valued at $25,000 after buying an additional 1,879 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Caleres by 1,032.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker's stock valued at $29,000 after acquiring an additional 2,199 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Caleres in the 2nd quarter valued at $136,000. Finally, Hsbc Holdings PLC purchased a new position in Caleres in the 1st quarter worth $144,000. Institutional investors and hedge funds own 98.44% of the company's stock.

Insider Activity

In related news, insider Daniel R. Freidman sold 11,207 shares of the 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 sale, the insider directly owned 64,780 shares of the company's stock, valued at approximately $971,700. This represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

Caleres Stock Down 0.5%

Shares of CAL stock opened at $14.43 on Tuesday. Caleres, Inc. has a 52-week low of $8.80 and a 52-week high of $16.14. The stock has a market cap of $484.70 million, a PE ratio of -1,441.56 and a beta of 0.76. The business has a 50-day simple moving average of $12.88 and a 200-day simple moving average of $12.37.

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

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, June 11th. Caleres's payout ratio is currently -2,800.00%.

Wall Street Analysts Forecast Growth

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