90,000 Shares in Caleres, Inc. $CAL Purchased by Soviero Asset Management LP

Soviero Asset Management LP bought a new stake in Caleres, Inc. (NYSE:CAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 90,000 shares of the textile maker’s stock, valued at approximately $1,100,000.

Several other hedge funds have also made changes to their positions in the company. Invenomic Capital Management LP purchased a new stake in shares of Caleres during the 1st quarter valued at approximately $11,596,000. Wellington Management Group LLP purchased a new position in Caleres in the first quarter worth approximately $6,642,000. Federated Hermes Inc. acquired a new stake in Caleres during the second quarter worth $3,908,000. Arrowstreet Capital Limited Partnership raised its position in Caleres by 60.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 486,530 shares of the textile maker’s stock valued at $5,945,000 after purchasing an additional 183,927 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Caleres in the 2nd quarter valued at $1,858,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Caleres Stock Down 5.6%

Caleres stock opened at $12.74 on Wednesday. Caleres, Inc. has a 52-week low of $9.54 and a 52-week high of $27.41. The firm has a market cap of $430.95 million, a PE ratio of 7.28 and a beta of 0.73. The company’s 50 day moving average is $12.02 and its two-hundred day moving average is $13.43.

Caleres (NYSE:CAL) last posted its quarterly earnings results on Tuesday, December 9th. The textile maker reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). Caleres had a return on equity of 11.91% and a net margin of 2.26%.The business had revenue of $790.05 million during the quarter, compared to analyst estimates of $768.59 million. During the same quarter last year, the firm earned $1.23 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Caleres has set its FY 2025 guidance at 0.550-0.60 EPS. On average, equities research analysts anticipate that Caleres, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Caleres in a report on Wednesday, October 8th. Zacks Research raised shares of Caleres from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.00.

Caleres Company Profile

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.