BlackRock Amends Caleres Inc. Stake, Signals Continued Institutional Interest
Ticker: CAL · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0001086364-24-001159 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001159 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:15 Documents 1 Document Format Files Seq Description Document Type Size 1 us1295001044_012224.txt SC 13G/A 11556 Complete submission text file 0001086364-24-001159.txt 13612 Mailing Address P O BOX 29 ST LOUIS MO 63166 Business Address 8300 MARYLAND AVE P O BOX 29 ST LOUIS MO 63105 3148544000 CALERES INC (Subject) CIK : 0000014707 (see all company filings) EIN. : 430197190 | State of Incorp.: NY | Fiscal Year End: 0203 Type: SC 13G/A | Act: 34 | File No.: 005-13079 | Film No.: 24548793 SIC : 3140 Footwear, (No Rubber) (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)