Paradigm Capital Management Inc. NY Acquires New Holdings in Caleres, Inc. $CAL

Paradigm Capital Management Inc. NY bought a new position in Caleres, Inc. (NYSE:CAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 666,600 shares of the textile maker’s stock, valued at approximately $8,246,000.

Other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings 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 purchasing an additional 1,879 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Caleres in the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Caleres by 1,032.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock worth $29,000 after buying an additional 2,199 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Caleres during the 2nd quarter worth $37,000. Finally, Royal Bank of Canada grew its stake in Caleres by 181.7% in the 1st quarter. Royal Bank of Canada now owns 12,047 shares of the textile maker’s stock valued at $127,000 after buying an additional 7,771 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

Insider Activity at Caleres

In other news, insider Daniel R. Freidman sold 11,207 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total transaction of $168,105.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Trading Up 0.4%

Shares of Caleres stock opened at $13.67 on Tuesday. The company’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $12.43. The company has a market cap of $459.18 million, a price-to-earnings ratio of -1,365.63 and a beta of 0.76. Caleres, Inc. has a 1 year low of $8.80 and a 1 year high of $16.14.

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

Caleres Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Caleres’s payout ratio is presently -2,800.00%.

Analyst Upgrades and Downgrades

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

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.