Renaissance Technologies LLC Cuts Stock Position in Caleres, Inc. $CAL

Renaissance Technologies LLC trimmed its holdings in shares of Caleres, Inc. (NYSE:CAL) by 37.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 222,250 shares of the textile maker’s stock after selling 134,200 shares during the period. Renaissance Technologies LLC’s holdings in Caleres were worth $2,343,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Caleres by 143.2% during the first quarter. AQR Capital Management LLC now owns 90,546 shares of the textile maker’s stock worth $1,560,000 after acquiring an additional 53,320 shares during the period. Empowered Funds LLC increased its stake in shares of Caleres by 4.2% during the first quarter. Empowered Funds LLC now owns 162,814 shares of the textile maker’s stock worth $2,805,000 after purchasing an additional 6,502 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Caleres by 4.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 105,137 shares of the textile maker’s stock worth $1,812,000 after purchasing an additional 4,175 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Caleres by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 18,902 shares of the textile maker’s stock worth $231,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Caleres by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 99,677 shares of the textile maker’s stock worth $1,218,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Activity at Caleres

In related news, insider Daniel R. Freidman sold 11,207 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $15.00, for a total value of $168,105.00. Following the transaction, the insider directly owned 64,780 shares in the company, valued at approximately $971,700. This represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.

Caleres Trading Down 0.5%

Shares of CAL stock opened at $14.43 on Tuesday. Caleres, Inc. has a twelve month low of $8.80 and a twelve month high of $16.14. The company’s 50-day moving average price is $12.88 and its 200-day moving average price is $12.37. The stock has a market cap of $484.70 million, a price-to-earnings ratio of -1,441.56 and a beta of 0.76.

Caleres (NYSE:CAL) last issued its earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $666.60 million for the quarter, compared to the consensus estimate of $662.63 million. Caleres had a net margin of 0.02% and a return on equity of 7.33%. Caleres’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities research analysts predict that Caleres, Inc. will post 1.63 EPS for the current year.

Caleres Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 11th. Caleres’s payout ratio is presently -2,800.00%.

Analyst Ratings Changes

CAL has been the topic of several research analyst reports. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Wall Street Zen raised Caleres from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Caleres in a research note on Friday, July 31st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Caleres presently has an average rating of “Reduce”.

About Caleres

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.