Caleres, Inc. $CAL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Caleres, Inc. (NYSE:CAL) by 62.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 60,556 shares of the textile maker’s stock after selling 102,376 shares during the period. SG Americas Securities LLC’s holdings in Caleres were worth $638,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of CAL. Osaic Holdings Inc. raised 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 in the last quarter. Global Retirement Partners LLC acquired a new stake in Caleres during the fourth quarter valued at $25,000. Quadrant Capital Group LLC increased its holdings in Caleres by 1,032.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock valued at $29,000 after buying an additional 2,199 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Caleres in the second quarter valued at $136,000. Finally, Entropy Technologies LP acquired a new position in shares of Caleres in the third quarter worth about $150,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CAL. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Zacks Research cut Caleres from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Caleres from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Seaport Research Partners raised their price objective on Caleres from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Wall Street Zen raised Caleres from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Caleres Trading Up 1.2%

CAL stock opened at $11.93 on Wednesday. Caleres, Inc. has a 12-month low of $8.80 and a 12-month high of $16.14. The stock has a market cap of $400.73 million, a price-to-earnings ratio of -1,191.81 and a beta of 0.75. The business’s 50-day moving average is $12.99 and its 200 day moving average is $12.47.

Caleres (NYSE:CAL) last announced its earnings results on Thursday, June 4th. The textile maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $666.60 million during the quarter, compared to analysts’ expectations of $662.63 million. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior 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 analysts forecast that Caleres, Inc. will post 1.63 EPS for the current fiscal year.

Caleres Announces Dividend

The company also recently disclosed 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 yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 11th. Caleres’s dividend payout ratio is currently -2,800.00%.

Insider Buying and Selling

In other Caleres news, insider Daniel R. Freidman sold 11,207 shares of the firm’s stock in a transaction 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 owned 64,780 shares in the company, valued at approximately $971,700. This trade represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

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.