Maverick Capital Ltd. Decreases Stock Position in Caleres, Inc. $CAL

Maverick Capital Ltd. cut its stake in Caleres, Inc. (NYSE:CAL) by 80.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,210 shares of the textile maker’s stock after selling 283,919 shares during the quarter. Maverick Capital Ltd.’s holdings in Caleres were worth $729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Osaic Holdings Inc. increased its position in 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 acquiring an additional 1,879 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Caleres in the 4th quarter worth about $25,000. Quadrant Capital Group LLC lifted its holdings 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 worth $29,000 after acquiring an additional 2,199 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Caleres during the 2nd quarter worth about $136,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Caleres during the 1st quarter worth about $144,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Daniel R. Freidman sold 11,207 shares of the stock in a transaction on Thursday, May 28th. The stock was 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 of the company’s stock, valued at approximately $971,700. This represents a 14.75% decrease in their position. The transaction was disclosed in a filing 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. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CAL shares. Wall Street Zen upgraded shares of Caleres from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Weiss Ratings upgraded Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. 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.com, the company presently has a consensus rating of “Reduce”.

Caleres Stock Performance

Shares of NYSE:CAL opened at $13.27 on Wednesday. The firm has a market cap of $445.74 million, a PE ratio of -1,325.67 and a beta of 0.75. The firm’s 50 day simple moving average is $12.87 and its 200-day simple moving average is $12.37. Caleres, Inc. has a one year low of $8.80 and a one year high of $16.14.

Caleres (NYSE:CAL) last announced its quarterly 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 return on equity of 7.33% and a net margin of 0.02%.The firm had revenue of $666.60 million during the quarter, compared to analyst estimates of $662.63 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. Caleres’s quarterly revenue 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 research analysts predict that Caleres, Inc. will post 1.63 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, June 11th. Caleres’s dividend payout ratio is currently -2,800.00%.

Caleres Company 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.