Caleres, Inc. $CAL Position Increased by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its holdings in shares of Caleres, Inc. (NYSE:CAL) by 149.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 163,542 shares of the textile maker’s stock after purchasing an additional 97,880 shares during the period. Penn Capital Management Company LLC’s holdings in Caleres were worth $1,992,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of Caleres in the second quarter valued at about $1,961,000. Empowered Funds LLC purchased a new position in shares of Caleres during the second quarter worth about $1,882,000. Arrowstreet Capital Limited Partnership raised its stake in Caleres by 21.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker’s stock valued at $15,543,000 after acquiring an additional 262,576 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Caleres during the 2nd quarter valued at approximately $1,441,000. Finally, BlackRock Inc. acquired a new stake in Caleres during the 2nd quarter worth approximately $48,870,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAL has been the subject of several analyst reports. Weiss Ratings upgraded Caleres from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Wall Street Zen raised shares of Caleres from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 1st. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Caleres Stock Up 7.1%

Shares of NYSE:CAL opened at $13.59 on Tuesday. The company has a market cap of $468.99 million, a P/E ratio of 10.07 and a beta of 0.71. Caleres, Inc. has a 52 week low of $8.80 and a 52 week high of $15.04. The company has a 50-day moving average price of $12.61 and a 200 day moving average price of $12.49.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Wednesday, September 9th. The textile maker reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. Caleres had a return on equity of 7.84% and a net margin of 1.85%. The company had revenue of $695.45 million for the quarter, compared to analyst estimates of $702.49 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Caleres has set its Q3 2026 guidance at 0.620-0.700 EPS and its FY 2026 guidance at 1.500-1.650 EPS. Analysts expect that Caleres, Inc. will post 1.61 EPS for the current year.

Caleres Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 11th. Caleres’s dividend payout ratio (DPR) is currently 18.67%.

Caleres Profile

Caleres, Inc is a global footwear company that designs, sources, markets and sells shoes and related products for women, men and children. Its portfolio includes a range of fashion, comfort, performance and dress footwear brands, including Sam Edelman, Naturalizer, Vince Camuto, Allen Edmonds, LifeStride, Franco Sarto, Ryka and Dr. Scholl’s.

The company also operates Famous Footwear, a major family footwear retailer with stores and an e-commerce business in the United States. Through its branded footwear and retail operations, Caleres serves consumers through department stores, specialty retailers, company-owned stores, digital channels and other distribution partners.

Caleres traces its roots to 1878 and was formerly known as Brown Shoe Company before adopting the Caleres name in 2015.