BlackRock Amends Caleres Inc. Stake, Signals Continued Institutional Interest
Ticker: CAL · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 14707
| Field | Detail |
|---|---|
| Company | Caleres INC (CAL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still holds Caleres stock, showing continued institutional backing.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of Common Stock in Caleres Inc. as of December 31, 2023. This amendment (Amendment No. 3) updates their previous disclosures, showing BlackRock continues to be a significant institutional holder in the footwear company. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability.
Why It Matters
This filing confirms BlackRock's ongoing significant institutional investment in Caleres Inc., which can be seen as a vote of confidence in the company's future by a major financial player.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Caleres Inc., which might suggest stability but doesn't inherently signal a buy or sell opportunity without further analysis of BlackRock's specific stake percentage or changes.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Caleres Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the subject company of this filing?
The subject company is CALERES INC, as indicated under the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CALERES INC' section.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the date of the event that required this filing?
The date of the event which requires the filing of this statement is December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Caleres Inc. is 129500104, as listed under the 'CUSIP Number' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CALERES INC (CAL).