SEC Form SC 13G filed by Caleres Inc.

2/14/24 10:04:34 AM ET

Shoe Manufacturing

Consumer Discretionary

Get the next $CAL alert in real time by email

SC 13G 1 cal13gdec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) CALERES INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 129500104 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 1,865,616 6. Shared Voting Power* 0 7. Sole Dispositive Power* 4,521,677 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,521,677 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 12.7% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: CALERES INC Item 1(b) Address of Issuer's Principal Executive Offices: 8300 MARYLAND AVE,P O BOX 29, ST LOUIS, MISSOURI 63105 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 129500104 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2024 Signature: /s/ Armando Capasso Name & Title: Armando Capasso, Vice President 12/31/2023

Get the next $CAL alert in real time by email

Recent Analyst Ratings for

$CAL

Date	Price Target	Rating	Analyst
9/3/2024	$45.00	Buy → Hold	Loop Capital
2/7/2024		Sector Weight	KeyBanc Capital Markets
5/25/2023	$35.00 → $25.00	Overweight → Neutral	Piper Sandler
2/21/2023	$26.00 → $35.00	Neutral → Overweight	Piper Sandler
10/25/2022	$28.00	Neutral	Piper Sandler
6/24/2022	$35.00	Buy	Seaport Research Partners

More analyst ratings

SEC Form SC 13G filed by Caleres Inc.

2/14/24 10:04:34 AM ET

$CAL

Shoe Manufacturing

Consumer Discretionary

Get the next $CAL alert in real time by email

Recent Analyst Ratings for

$CAL

Date	Price Target	Rating	Analyst
9/3/2024	$45.00	Buy → Hold	Loop Capital
2/7/2024		Sector Weight	KeyBanc Capital Markets
5/25/2023	$35.00 → $25.00	Overweight → Neutral	Piper Sandler
2/21/2023	$26.00 → $35.00	Neutral → Overweight	Piper Sandler
10/25/2022	$28.00	Neutral	Piper Sandler
6/24/2022	$35.00	Buy	Seaport Research Partners

More analyst ratings

SEC Form SC 13G filed by Caleres Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$CAL

SEC Form SC 13G filed by Caleres Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$CAL

$CAL
SEC Filings

SEC Form 10-Q filed by Caleres Inc.

Caleres Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Caleres Inc. filed SEC Form 8-K: Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits

$CAL
Analyst Ratings

Caleres downgraded by Loop Capital with a new price target

KeyBanc Capital Markets initiated coverage on Caleres

Caleres downgraded by Piper Sandler with a new price target

$CAL
Press Releases

STUART WEITZMAN LAUNCHES "STUART WEITZMAN NEW YORK" FOR FALL 2025

Caleres Reports Second Quarter 2025 Results

Caleres Declares Regular Quarterly Dividend

$CAL
Insider Trading

SVP, Chief HR Officer Welter Kathleen K was granted 19,443 shares (SEC Form 4)

Div President, Famous Footwear Costello Brian P was granted 12,962 shares, increasing direct ownership by 111% to 24,604 units (SEC Form 4)

Amendment: New insider Costello Brian P claimed ownership of 11,642 shares (SEC Form 3)

$CAL
Insider Purchases

President & CEO, Caleres Schmidt John W bought $101,778 worth of shares (7,600 units at $13.39), increasing direct ownership by 2% to 453,480 units (SEC Form 4)

Director Greeley Lori bought $159,964 worth of shares (9,000 units at $17.77), increasing direct ownership by 900% to 10,000 units (SEC Form 4)

Director Gendreau Kyle bought $99,661 worth of shares (5,000 units at $19.93) (SEC Form 4)

$CAL
Leadership Updates

Caleres Accelerates Brand Growth Strategy with Appointment of Nancy Bitetto as SVP of New York Brands

Naturalizer Advances Its Mission of Changing the Fashion Narrative With the Announcement of Global Inclusivity Ambassador Collective and Revolutionary Fit Advancements

Dr. Scholl's Shoes Celebrates 100 Years of Iconic Fashion and Innovative Comfort

$CAL
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Caleres Inc.

Amendment: SEC Form SC 13G/A filed by Caleres Inc.