Penn Capital Management Company LLC Makes New $812,000 Investment in Caleres, Inc. $CAL

Penn Capital Management Company LLC bought a new stake in Caleres, Inc. (NYSE:CAL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 65,662 shares of the textile maker’s stock, valued at approximately $812,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Caleres in the 2nd quarter worth about $48,870,000. Vanguard Group Inc. boosted its stake in Caleres by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,427,235 shares of the textile maker’s stock worth $31,651,000 after purchasing an additional 28,190 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Caleres by 56,997.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,836,841 shares of the textile maker’s stock valued at $22,354,000 after buying an additional 1,833,624 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Caleres by 21.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,474,671 shares of the textile maker’s stock valued at $15,543,000 after buying an additional 262,576 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Caleres by 18.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,092,075 shares of the textile maker’s stock valued at $13,291,000 after acquiring an additional 169,760 shares during the period. Institutional investors own 98.44% of the company’s stock.

Wall Street Analyst Weigh In

CAL has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Caleres from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. KeyCorp reissued a “sector weight” rating on shares of Caleres in a research note on Friday, June 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Caleres in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Caleres currently has a consensus rating of “Reduce”.

Caleres Stock Performance

Caleres stock opened at $12.53 on Friday. Caleres, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $16.14. The stock has a market cap of $420.88 million, a P/E ratio of -1,251.75 and a beta of 0.76. The firm’s fifty day moving average price is $12.77 and its 200-day moving average price is $12.43.

Caleres (NYSE:CAL) last released 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. Caleres had a return on equity of 7.33% and a net margin of 0.02%.The business had revenue of $666.60 million for the quarter, compared to analysts’ expectations of $662.63 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Caleres has set its Q2 2026 guidance at 0.320-0.380 EPS and its FY 2026 guidance at 1.400-1.650 EPS. On average, analysts predict that Caleres, Inc. will post 1.63 earnings per share for the current year.

Caleres Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.07 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.28 dividend on an annualized basis and a yield of 2.2%. Caleres’s payout ratio is presently -2,800.00%.

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.