Caleres
CAL on NYSE. Caleres sells shoes to shoppers and to other retailers. Market value $423m.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $14.64 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 69 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$12.46 a share, 42% above its 1-year low
Over the past year the price has ranged from $8.80 to $15.04.
Dividend: 2.2% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $63 million in the past 12 months, $35 million in the year to January 2026.
| Revenue | |||||
| Revenue | $2.8bn | $3.0bn | $2.8bn | $2.7bn | $2.8bn |
| Operating margin | |||||
| Operating margin | 7.4% | 7.2% | 6.9% | 5.5% | 0.2% |
| Debt to equity | |||||
| Debt to equity | 0.00 | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.04bn | 0.04bn | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)2 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 5.4% a year
- Buying back its own sharesYes, 3% fewer since 2022
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $695 million last quarter, up 6% on a year ago.
- Profit: $59 million, up 774% on a year ago.
- It keeps 3 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $63 million. A year earlier it spent $33 million more than it brought in.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| October 2024 | $741m |
| January 2025 | $639m |
| April 2025 | $614m |
| July 2025 | $659m |
| October 2025 | $790m |
| January 2026 | $695m |
| April 2026 | $667m |
| July 2026 | $695m |
| Quarter to | Amount |
|---|---|
| October 2024 | $41m |
| January 2025 | $5m |
| April 2025 | $7m |
| July 2025 | $7m |
| October 2025 | $2m |
| January 2026 | -$23m |
| April 2026 | $14m |
| July 2026 | $59m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 2 April 2026
- Next quarterly (estimated, 10-Q)
- 10 December 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 170 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $794,000
- Share of fund
- <0.1%
- Barrow HanleyBarrow Hanley team
- Value
- $4,824
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $3m | <0.1% | Cut |
| LSV Asset ManagementJosef Lakonishok | $794,000 | <0.1% | |
| Barrow HanleyBarrow Hanley team | $4,824 | <0.1% |
Largest holders overall
- FMR$62m
- BlackRock$49mAdded
- Vanguard Capital Management$18mCut
- American Century Companies$16mAdded
- Neuberger Berman Group$16mAdded
- Dimensional Fund Advisors LP$16mCut
- State Street$13mCut
- Arrowstreet Capital, Limited Partnership$11mCut
- Invenomic Capital Management LP$11mCut
- Charles Schwab Investment Management$11mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- FMR LLCPassive investorat least 14.4%+6.8 pts(filed with 1 related holder)Since 30 April 2025
- BlackRock, Inc.Passive investor7.4%−8.5 ptsSince 30 November 2025
- Vanguard Capital ManagementPassive investorSold down below 5%Since 30 June 2026
- PRINCIPAL GLOBAL INVESTORSPassive investorSold down below 5%Since 31 March 2025
- Dimensional Fund Advisors LPPassive investorSold down below 5%Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FMR LLC Passive investor | at least 14.4%+6.8 pts (filed with 1 related holder) | 30 April 2025 | |
BlackRock, Inc. Passive investor | 7.4%−8.5 pts | 30 November 2025 | |
Vanguard Capital Management Passive investor | Sold down below 5% | 30 June 2026 | |
PRINCIPAL GLOBAL INVESTORS Passive investor | Sold down below 5% | 31 March 2025 | |
Dimensional Fund Advisors LP Passive investor | Sold down below 5% | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $168,105, $168,105 of it under preset trading plans.
- Freidman Daniel RChief Sourcing OfficerSoldunder a preset trading plan
- Date
- 28 May 2026
- Shares
- 11,207
- Price
- $15.00
- Value
- $168,105
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 May 2026 | Freidman Daniel R Chief Sourcing Officer | Sold under a preset trading plan | 11,207 | $15.00 | $168,105 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 2 Apr 2026, plus the 10-Q filed 10 Sep 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.